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 Helmets Bats Shoes Uniforms Cost per Market per Unit Unit $ 61 $ 57 79 85 98 43 Compute the lower of cost or market for ending inventory applied separately to each product. Inventory Items Units 39 32 53 57 Per Unit Cost $ 102 43 Market 61 $ 79 98 43 57 85 102 43 $ EA Cost Total Market 0 $ 0 LCM Applied to Items

Martinez Company's ending inventory includes the following items. Compute the lower of cost or market for ending inventory applied separately to each product