BriefExercise 9-4 Presented below is information related to Cullumber Inc.'s inventory, assuming Cullumber 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 $216.60 241.68 21.66 231.42 36.48 $120.84 165.30 9.12 119.70 33.06 $60.42 84.08 2.85 58.14 24.23 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 s 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