Ivanhoe Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product. Specific data with respect to each product follows

: Product #1 Product #2

Historical cost #1- $19. #2.- $37

Replacement cost #1- $11. #2- $21

Estimated cost to dispose #1-$16 #2- $18

Estimated selling price #1- $38 #2- $59

In pricing its ending inventory using the lower-of-cost-or-market, what unit values, rounded to the nearest dollar, should Ivanhoe use for products #1 and #2, respectively?

$21 and $23.

$11 and $23.

$21 and $22.

$11 and $21.