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8.00 DE BE9-1 Presented below is information related to Rembrandt Inc.'s inve (per unit) Skis Boots Parkas $190.00 Historical cost $53.00 $106.00 73.75 Selling price
8.00 DE BE9-1 Presented below is information related to Rembrandt Inc.'s inve (per unit) Skis Boots Parkas $190.00 Historical cost $53.00 $106.00 73.75 Selling price 145.00 212.00 Cost to distribute 19.00 2.50 Current replacement cost 203.00 105.00 51.00 Normal profit margin 32.00 29.00 21.25 Determine the following: (a) the two limits to market value (le, the ceiling and the floor and should be used in the lower-of-cost-or-market computation for skis, (b) the cost amount that shoul Ittised in the lower-of-cost-or-market comparison of boots, and (c) the market amount that should be set to value parkas on the basis of the lower-of-cost-or-market. me in its ending inventory
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