Presented below is information related to Kingbird Incls inventory, assuming Kingbird uses lower-of-LIFO cost-or-market. (per unit) Skis Boots Parkas Historical cost $269.80 $150.52 $75.26 301.04 205.90 104.73 Selling price Cost to distribute 26.98 11.36 3.55 Current replacement cost 288.26 149.10 72.42 Normal profit margin 45.44 41.18 30.18 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, ez 52.75.) Celling 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.) (a) The two limits to market value (.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, es 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, eg. 52.75.) $