Lower of Cost or Market Shaw Systems sells a limited line of specially made products, using television advertising campaigns in large cities. At year end, Shaw has the following data for its inventory: Item Number of Units Historical Cost per Unit Selling Price per Unit Disposal Costs Phone 625       $24            $25           $5       Stereo 180       177            200           10       Electric shaver 215

Data related to the inventories of Alpine Ski Equipment and Supplies is presented below:    Skis   Boots   Apparel   Supplies Selling price $ 180,000     $ 140,000     $ 120,000     $ 60,000   Cost   128,000       133,000       90,000       45,000   Replacement cost   120,000       130,000       110,000       41,000   Sales commission   10 %     10 %     10 %     10 %    In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at:   Multiple Choice   $162,000.   $128,000.   $120,000.   $180,000.

Please do not give solution in image format thanku

Please do not give solution in image format thanku