1.Assume in each case that the selling expenses are $8 per unit and that the normal profit is $5 per unit. Calculate the limits for each case. Then enter the amount that should be used for lower of cost or market. Show your work.

SellingReplacement

PriceUpper LimitCostLower LimitCostLCM

(a)$59$______$43$______$47$______

(b)47______36______40______

(c)60______44______45______

(d)48______42______40______