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. (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.)

$enter the cost amount that should be used in the lower-of-cost-or-market comparison of boots

(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.)

$enter the market amount that should be used to value parkas on the basis of the lower-of-cost-or-market