Question: please help me answer this question Presented below is information related to Waterwaylnc's inventory, assuming Waterway uses lower-of-LIFO cost-or-market. Determine the following: (a) The two

Presented below is information related to Waterwaylnc's inventory, assuming Waterway uses lower-of-LIFO cost-or-market. Determine the following: (a) The two linits 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, es 52.75.) Celling (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 decimol ploces, eg. 52.75.) Celling 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, es. 52.75 . (c) The market amount that should be used to value parkas on the basis of the lower-of-cost-or-market. (Round onswer to 2 decimal places, es, 52.75J 5
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