Presented below is information related to Wildhorse Inc's inventory, assuming Wildhorse uses lower-of-LIFO cost-or-market. Skis Boots Parkas (per unit) Historical cost Selling price $258.40 $144.16 $72.08 288.32 197.20 100.30 Cost to distribute 25.84 10.88 3.40 276.08 142.80 69.36 Current replacement cost 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. (Round answers to 2 decimal places, eg. 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, eg. 52.75.) $