presented below is information related to Blossom Inc.'s inventory, assuming Blossom uses lower-of-LIFO cost-or-market.

Presented below is information related to Blossom Inc's inventory. assuming Blossom uses lower-of-LIFO cost-or-market. 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 $ Floor Limit \$ (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.) (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, es. 52.75.)