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

(per unit)		Skis		Boots		Parkas
Historical cost		$201.40		$112.36		$56.18
Selling price		224.72		153.70		78.18
Cost to distribute		20.14		8.48		2.65
Current replacement cost		215.18		111.30		54.06
Normal profit margin		33.92		30.74		22.53

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		$enter a dollar amount
Floor Limit		$enter a dollar amount

(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.)