BACK NEXT Question 27 Blossom 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 Historical cost $5 Replacement cost Estimated cost to dispose Estimated selling price In pricing its ending inventory using the lower-of-cost-or-market, what unit values, rounded to the nearest dollar, should Blossom use for products +1 and 12, respectively? $7 and $ 8. $7 and $8. O $5 and $7. $5 and $8. Question Attempts: 0 of 1 used SUBMIT