Cullumber 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

$16

Replacement cost11

14

Estimated cost to dispose2

6

Estimated selling price18

33

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

$8 and $16.0.

$16 and $27.

$10 and $17.

$11 and $14.