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

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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