Presented below is information related to Kingbird Inc's inventory, assuming Kingbird uses lower-of-LIFO cost-or-market. (per unit) Skis Boots Parkas Historical cost Selling price $269.80 $150.52 301.04 205.90 26.98 11.36 288.26 149.10 $75.26 104.73 3.55 Cost to distribute Current replacement cost 7242 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, 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)