Presented below is information related to Blue Inc's inventory, assuming Blue uses lower-of-LIFO cost-or-market. (per unit) Skis Boots Parkas Historical cost $273.60 $152.64 $76.32 Selling price 305.28 208.80 106.20 Cost to distribute 27.36 11.52 3.60 Current replacement cost 292.32 151.20 73.44 Normal profit margin 46.08 41.76 30.60 Determine the following: (a) The two limits to market value (ie., 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 $ Floor $ (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 Floor (b) The cost amount that should be used in the lower-of-cost-or-market comparison of boots. (Round answer to 2 decimal places, eg. 52.75.) (c) The market amount that should be used to value parkas on the basis of the lower-of-cost-or-market. (Round answer to 2 decimal places, e.g. 52.75.)