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 Replacement

Price Upper Limit Cost Lower Limit Cost LCM

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

(b) 47 ______ 36 ______ 40 ______

(c) 60 ______ 44 ______ 45 ______

(d) 48 ______ 42 ______ 40 ______