Presented below is information related to Swifty Inc's inventory, assuming Swifty uses lower-of-LIFO cost-or-market. Parkas Boots $114.48 156.60 $57.24 79.65 (per unit) Historical cost Selling price Cost to distribute Current replacement cost Normal profit margin Skis $205.20 228.96 20.52 219.24 34.56 8.64 2.70 113.40 31.32 55.08 22.95 Determine the following: (a) The two limits to market value fl.e. the celling 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-of-market comparison of boots, acer Question 3 of 5 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 $ e Textbook and Media Some for Later Attempts: 0 of 3 used M acer