Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets
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Question:
Martinez Company's ending inventory includes the following items.
Product | Units | Cost per Unit | Market per Unit | ||||||
Helmets | 31 | $ | 59 | $ | 63 | ||||
Bats | 24 | 113 | 81 | ||||||
Shoes | 45 | 104 | 100 | ||||||
Uniforms | 49 | 45 | 45 | ||||||
Compute the lower of cost or market for ending inventory applied separately to each product.
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