Exercise 5-16 (Algo) Lower of cost or market LO P2 Martinez Company's ending Inventory Includes the...

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Exercise 5-16 (Algo) Lower of cost or market LO P2 Martinez Company's ending Inventory Includes the following items. Product Helmets Units Cost per Unit Market per Unit 34 $ 56 $ 52 Bats 27 74 80 Shoes 48 93 97 Uniforms 52 38 30 Compute the lower of cost or market for ending Inventory applied separately to each product Per Unit Inventory Items Units Cost Market Cost Helmets 34 56 52 Bats 74 BO Shoes 48 193 97 Uniforms 52 138 1401 LCM Applied to Market Items Exercise 5-16 (Algo) Lower of cost or market LO P2 Martinez Company's ending Inventory Includes the following items. Product Helmets Units Cost per Unit Market per Unit 34 $ 56 $ 52 Bats 27 74 80 Shoes 48 93 97 Uniforms 52 38 30 Compute the lower of cost or market for ending Inventory applied separately to each product Per Unit Inventory Items Units Cost Market Cost Helmets 34 56 52 Bats 74 BO Shoes 48 193 97 Uniforms 52 138 1401 LCM Applied to Market Items