If possible I want to know why or how the answers for B and C are 118.72 and 57.12. Thank you!

Presented below is information related to Skysong Inc's inventory, assuming Skysong uses lower-of-LIFO cost-or-market. (per unit) Skis Boots Parkas Historical cost $ 212.80 $118.72 $59.36 237.44 162.40 82.60 Selling price Cost to distribute 21.28 8.96 2.80 227.36 117.60 57.12 Current replacement cost Normal profit margin 35.84 32.48 23.80 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. (Round answers to 2 decimal places, eg. 52.75.) Ceiling Limit $ 216.16 Floor Limit $ 180.32 (b) The amount that should be used in the lower-of-cost-or-market comparison of boots. (Round answers to 2 decimal places, eg. 52.75.) $ 118.72 (c) The amount that should be used to value parkas on the basis of the lower-of-cost-or-market. (Round answers to 2 decimal places, eg. 52.75.) GA 57.12