Question 12 of 20 < > - / 0.65 Presented below is information related to Sheridan Inc.'s inventory, assuming Sheridan uses lower-of-LIFO cost-or-market. (per unit) Skis Boots Parkas Historical cost $216.60 $120.84 $60.42 Selling price 241.68 165.30 84.08 Cost to distribute 21.66 9.12 2.85 Current replacement cost 231.42 119.70 58.14 Normal profit margin 36.48 33.06 24.23 !!! 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 $ Question 12 of 20 < > - / 0.65 !!! = (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.) $ (c) The market amount that should be used to value parkas on the basis of the lower-of-cost-or-market. (Round answer to 2 decimal places, e.g. 52.75.)