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Presented below is information related to Rembrandt Inc.'s inventory. Determine the following: (a) the two limits to market value (i.e., the ceiling and the floor)

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Presented below is information related to Rembrandt Inc.'s inventory. 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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