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Exercise 5-16 (Algo) Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Cost per Market per ipped Product

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Exercise 5-16 (Algo) Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Cost per Market per ipped Product Helmets Units Unit Unit 23 $ 51 $ 55 Bats 16 79 73 Shoes 37 Uniforms 41 96 37 92 37 Book Hint Print Compute the lower of cost or market for ending inventory applied separately to each product. rences Per Unit Total Inventory Items Units LCM Applied to Cost Market Cost Items Market Helmets 23 $ 51 $ 55 Bats 16 79 73 Shoes 37 96 92 Uniforms 41 37 37 $ 0 $ 0

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