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		Replacement Cost			Lower Limit		Cost		LCM
(a)		$59			$		$43			$		$47		$
(b)		47					36					40
(c)		60					44					45
(d)		48					42					40