Brief Exercise 9-4 Presented below is Information related to Sarasota Inc.'s inventory, assuming Sarasota uses lower-of-LIFO cost-or-market. Skls Boots Parkas $64.66 (per unit) Historical cost Selling price Cost to distribute Current replacement cost Normal profit margin $231.80 258.64 23.18 247.66 39.04 $129.32 176.90 9.76 128.10 35.38 89.98 3.05 62.22 25.93 Determine the following: (a) The two limits to market value (.e., the ceiling and the floor) that should be used in the lower-of-cost-or-market computation for skis. Ceiling Limits Floor Limit (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