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

(per unit)		Skis		Boots		Parkas
Historical cost		$254.60		$142.04		$71.02
Selling price		284.08		194.30		98.83
Cost to distribute		25.46		10.72		3.35
Current replacement cost		272.02		140.70		68.34
Normal profit margin		42.88		38.86		28.48

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
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, e.g. 52.75.)

(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.)