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

(per unit)		Skis		Boots		Parkas
Historical cost		$277.40		$154.76		$77.38
Selling price		309.52		211.70		107.68
Cost to distribute		27.74		11.68		3.65
Current replacement cost		296.38		153.30		74.46
Normal profit margin		46.72		42.34		31.03

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, e.g. 52.75.)

Ceiling Limit		$enter a dollar amount
Floor Limit		$enter a dollar amount

(b) The amount that should be used in the lower-of-cost-or-market comparison of boots. (Round answers to 2 decimal places, e.g. 52.75.)

$enter the cost amount that should be used in the lower-of-cost-or-market comparison of boots

(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, e.g. 52.75.)

$enter the market amount that should be used to value parkas on the basis of the lower-of-cost-or-market