In applying the lower of cost or market rule, the inventory of boots would be valued at:
A) $135,000
B) $133,000
C) $130,000
D) $105,000
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Home » Business » Data related to the inventories of Mountain Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 150,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 48,000 Replacement cost 120,000 130,000 110,000