The ending inventory of the Martinez Company includes the following items. Product Units Cost per unit Market
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Question:
The ending inventory of the Martinez Company includes the following items.
Product | Units | Cost per unit | Market per Unit | ||||||
Helmets | 30 | ps | 58 | ps | 62 | ||||
bats | 23 | 112 | 80 | ||||||
Shoes | 44 | 103 | 99 | ||||||
uniforms | 48 | 44 | 44 | ||||||
Calculate the lower of cost or market for ending inventory applied separately to each product.
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