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Presented below Is Information related to Rembrandt Inc.'s inventory, assuming Rembrandt uses lower-of-UFO cost-or-market. Determine the following: (a) The two limits to market value (i.e.,

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Presented below Is Information related to Rembrandt Inc.'s inventory, assuming Rembrandt uses lower-of-UFO cost-or-market. 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. Ceiling Limit $_________ Floor Limit $_________ (b) The cost amount that should be used in the lower-of-cost-or-market comparison of boots. The cost amount $_______ (c) The market amount that should be used to value parkas on the basis of the lower-of-cost-or-market. The market amount $________

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