Gradebook ORION Downloadable eTextbook ment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Multiple Choice Question 68 Pharoah Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product. Specific data with respect to each product follows Product #1 Product#2 $10 $19 Historical cost 13, Replacement cost Estimated cost to dispose Estimated selling price 21 32 In pricing its ending inventory using the lower-of-cost-or-market, what unit values should Pharoah use for products 1 and #2, respectively? $ 11 and $ 15. $11and $13. $17 and $26. $ 10 and $ 16.4. Version 4.24.10 All Rights Reserved. A Division of Policy I 8 0