In applying the lower of cost and net realizable value rule, the inventory of boots would be valued at:
A.	$140,000.
B.	$133,000.
C.	$126,000.
D.	$130,000.
Answer:C
In applying the lower of cost and net realizable value rule, the inventory of boots would be valued at:
A.	$140,000. B.	$133,000. C.	$126,000. D.	$130,000.