Presented below is information related to Whispering Inc.'s inventory, assuming Whispering uses lower-of-LIFO cost-or-market. (per unit) Historical cost Selling price Cost to distribute Current replacement cost Normal profit margin Skis $231.80 258.64 23.18 247.66 39.04 Boots $129.32 176.90 9.76 128.10 35.38 Parkas $64.66 89.98 3.05 62.22 25.93 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 Limits Floor Limits (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.) Click if you would like to Show Work for this question: Open Show Work