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

Presented below is information related to Wildhorse Inc.'s inventory, assuming Wildhorse uses lower-of-LIFO cost-or-market. (per unit) Skis Boots Parkas Historical cost $258.40 $144.16 $72.08 Selling price 288.32 197.20 100.30 Cost to distribute 25.84 10.88 3.40 Current replacement cost 276.08 142.80 69.36 Normal profit margin 43.52 39.44 28.90 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 $