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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

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

$8

$19

Replacement cost

12

12

Estimated cost to dispose

2

5

Estimated selling price

21

33

In pricing its ending inventory using the lower-of-cost-or-market, what unit values should Blossom use for products #1 and #2, respectively?

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