Brief Exercise 9-4 Presented below is information related to Blossom Inc.'s inventory, assuming Blossom uses lower-of-LIFO cost-or-market. (per unit) Skis Boots Parkas Historical cost Selling price Cost to distribute Current replacement cost Normal profit margin $228.00 254.40 22.80 243.60 38.40 $127.20 174.00 9.60 126.00 34.80 $63.60 88.50 3.00 61.20 25.50 Determine the following (a) The two limits to market value (i.e., the ceiling and the floor) that should be used in the lower-of-cost-or-market computation for skis Ceiling Limit Floor Limit s (b) The cost amount that should be used in the lower-of-cost-or-market comparison of boots The cost amount (c) The market amount that should be used to value parkas on the basis of the lower-of-cost-or-market The market amount