PLEASE SOLVE AND SHOW ALL WORK - USING THE LOWER COST OR MARKET RULE, WHAT UNIT VALUES SHOULD CRAMER USE TO COST PRODUCT A IN ITS ENDING INVENTORY?

2. Cramer Corporation has two products in its en inventory and u Iower cost or market to account for each. Cramer normally prices its products to maintain a 30% gross margin. Specific data for each product follows: profit Product A Product B 590 $34 Historical cost Replacement cost $30 $92 Estimated cost to sell $10 $52 Estimated selling price S60 $200 Using the lower of cost or market r what unit values should Cramer use to cost Product A in its ending inventory