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Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 33 $ 55 $ 51 Bats 26 73
Martinez Company's ending inventory includes the following items.
| Product | Units | Cost per Unit | Market per Unit | ||||||
| Helmets | 33 | $ | 55 | $ | 51 | ||||
| Bats | 26 | 73 | 79 | ||||||
| Shoes | 47 | 92 | 96 | ||||||
| Uniforms | 51 | 37 | 37 | ||||||
Compute the lower of cost or market for ending inventory applied separately to each product.
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Management Audits For Excellence
Authors: Dorsey J. Talley
1st Edition
0873890396, 978-0873890397
