Presented below is information related to Stelar Inc.'s inventory, assuming Stellar uses lower-of-LIFO cost-of-marke per...
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Presented below is information related to Stelar Inc.'s inventory, assuming Stellar uses lower-of-LIFO cost-of-marke per unit) Ski Boots Parkas Historical cost $19380 $108.12 216.24 147.90 $54.06 75.23 Selling price Cost to distribute 19.38 8.16 2.55 Current replacement cost 207.06 107 10 52.02 Normal profit margin 32.64 29.58 21.68 Determine the following: la The two mits to market value the ceiling and the floor that should be used in the Ceiling Umit $ Floor Umit $ 16422 (b) The cost amount that should be used in the lower-of The cost amounts Ich The market amount that should be used to value parkas on the basis of the low -cost or market Themakut amount $
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