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 per Unit $ 60 78 97 42 Cost Units 38 31 52 56 1 Market per Unit $56 w 84 01 42 Compute the lower of cost or market for ending inventory applied separately to each product

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{InventoryItemsHelmets} & \multirow{3}{*}{Units38} & \multicolumn{4}{|c|}{ Per Unit } & \multicolumn{4}{|c|}{ Total } & \multirow{2}{*}{\multicolumn{2}{|c|}{LCMAppliedtoItems}} \\ \hline & & \multicolumn{2}{|c|}{ Cost } & \multicolumn{2}{|c|}{ Market } & \multicolumn{2}{|c|}{ Cost } & \multicolumn{2}{|c|}{ Market } & & \\ \hline & & $ & 60 & $ & 56 & $ & 38 & $ & 60 & $ & 38 \\ \hline Bats & 31 & & 78 & & 84 & & & & & & \\ \hline Shoes & 52 & & 97 & & 101 & & & & & & \\ \hline Uniforms & 56 & & 42 & & 42 & & & & & & \\ \hline & & & & & & $ & 38 & $ & 60 & & ? \\ \hline \end{tabular}