Exercise 5-16 (Algo) Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Product Helmets Bats Shoes Uniforms Units 39 32 53 57 Inventory Items Helmets Bats Shoes Uniforms Cost per Unit $ 61 79 98 43 Compute the lower of cost or market for ending inventory applied separately to each product. Units 39 32 53 57 Market per Unit Per Unit Cost $ 61 79 98 43 $57 85 102 43 $ Market 57 85 102 43 Cost Total Market LCM Applied to Items W

Exercise 5-16 (Algo) Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Compute the lower of cost or market for ending inventory applied separately to each product