(per unit)SkisBoots Parkas Historical cost$190.00 $106.00 $53.00 Selling price212.00 145.00 73.75 Cost to distribute19.00 8.002.50Current replacement cost203.00 105.00 51.00 Normal profit margin32.00 29.00 21.25 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; (b) the cost amount that […]
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