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

(per unit)		Skis		Boots		Parkas
Historical cost		$205.20		$114.48		$57.24
Selling price		228.96		156.60		79.65
Cost to distribute		20.52		8.64		2.70
Current replacement cost		219.24		113.40		55.08
Normal profit margin		34.56		31.32		22.95

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