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

(per unit)		Skis		Boots		Parkas
Historical cost		$209.38		$116.81		$58.41
Selling price		223.62		159.79		81.27
Cost to distribute		20.94		8.82		2.76
Current replacement cost		223.71		115.71		56.20
Normal profit margin		35.26		31.96		23.42

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

$