Use the following information for problems #41-43. TiCo has 1,000 units of merchandise on hand at year end. Each unit cost $32, has a replacement cost of $29, has an estimated selling price of $42, has a disposal cost of $4, and has an estimated normal mark-up of $7. If TiCo applies the lower of cost or market (LCM) rule, what is the ceiling or upper limit? $29 $25 $28 $38 Applying LCM, what floor or lower limit must TiCo use? $31 $35 $32 $29 Assume that the ceiling for each unit is $33 and the floor is $27. What per unit amount will TiCo use for ending inventory on its balance sheet? $32 $29 $33 $27