8. 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.

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8. 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. Selling Price Upper Limit (a) $59 $______ (b) 47 (c) (d) Replacement Cost Lower Limit Cost LCM $43 $______ $47 $______ ______ 36 ______ 40 ______ 60 ______ 44 ______ 45 ______ 48 ______ 42 ______ 40 ______