Question
windsor corporation had net sales of $2,421,500 and interest $35,400 during 2025. Expenses for 2025 were costs of goods sold $1,465,800Presented below is information related
windsor corporation had net sales of $2,421,500 and interest $35,400 during 2025. Expenses for 2025 were costs of goods sold $1,465,800Presented below is information related to Whispering Inc.'s inventory, assuming Whispering uses lower-of-LIFO cost-or-market.\ 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 $\ Floor
$
\ (b) The cost amount that should be used in the lower-of-cost-or-market comparison of boots. (Round answer to 2 decimal places, e.g.\ 52.75.)
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