Answer:
$139,000
Explanation:
Note: The data in the question are merged and they are first sorted before answering the question as follows:
Skis Boots Apparel Supplies
Selling price $160,000 $157,000 $119,000 $65,000
Cost 139,000 140,000 77,350 42,250
Replacement cost 134,000 126,000 97,350 38,250
Sales commission 10% 10% 10% 10%
Explanation to the answer is now as follows:
Skis' cost = $139,000
Skis' net realizable value = $160,000 - ($160,000 * 10%) = $144,000
Since the cost of Skis of $139,000 is lower than its $144,000 net realizable value, Skis would be valued at $139,000.
