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Exercise 5 - 1 6 ( Algo ) Lower of cost or market LO P 2 Martinez Company's ending inventory includes the following items. Product

Exercise 5-16(Algo) Lower of cost or market LO P2
Martinez Company's ending inventory includes the following items.
Product Units Cost per Unit Market per Unit
Helmets 36 $ 58 $ 54
Bats 297682
Shoes 509599
Uniforms 544040
Compute the lower of cost or market for ending inventory applied separately to each product.

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