Brief Exercise 9-4 Presented below is information related to Wildhorse Inc's Inventory, assuming Wildhorse 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 $281.20 $156.88 $78.44 313.76214.60 109.15 3.70 300.44 155.4075.48 42.9231.45 28.12 11.84 47.36 Determine the following: lower-of-cost-or-market computation for skis. (a) The two limits to market value (i.e., the ceiling and the floor) that should be used in the Celing Limits Floor Limit s (b) The cost amount that should be used in the lower-of cost-or-market comparison of boots. The cost amount s. (c) The market amount that should be used to value parkas on the basis of the lower-of-cost The market amount Click if you would like to Show Work for this question: Open Show Work