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

(per unit)		Skis		Boots		Parkas
Historical cost		$224.20		$125.08		$62.54
Selling price		250.16		171.10		87.03
Cost to distribute		22.42		9.44		2.95
Current replacement cost		239.54		123.90		60.18
Normal profit margin		37.76		34.22		25.08

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		$
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, e.g. 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, e.g. 52.75.)