Lower Cost of Market

3 Exercise 5-16 (Algo) Lower of cost or market LO P2 8 points Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 22 $50 $ 54 Bats 15 78 72 Shoes 36 95 91 Uniforms 40 eBo 36 36 Compute the lower of cost or market for ending inventory applied separately to each product Hint Per Unit Total Print Inventory Items Units Cost Market Cost Market LCM Applied to Items Helmets fo 22 $ 54 References Bats 15 36 72 Shoes Uniforms 50 $ 78 95 36 91 40 36 w MacBook Air 3 30 F2 882 16 N 17 $ 3 % 4 og