Question: Current Attempt in Progress Presented below is information related to Swifty inc's inventory, assuming Swifty uses lower-ot-uFO cost-or-market. Determine the following: (a) The two fimits
Current Attempt in Progress Presented below is information related to Swifty inc's inventory, assuming Swifty uses lower-ot-uFO cost-or-market. Determine the following: (a) The two fimits to market value (i.e, the celling and the floor) that should be used in the lower-of-cost-or-market computation for skis. (Round answers to 2 decimal places, e.5. 52.75.) Ceiling s Floor s (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.s. 52.75.) s (c) The market amount that should be used to value parkas on the basis of the lower-of-cost-oc-markec (Round onswer to 2 decimal ploces, e.8. 52.75.)
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