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Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 28 $ 56 $ 60 Bats 21 84
Martinez Company's ending inventory includes the following items.
| Product | Units | Cost per Unit | Market per Unit |
|---|---|---|---|
| Helmets | 28 | $ 56 | $ 60 |
| Bats | 21 | 84 | 78 |
| Shoes | 42 | 101 | 97 |
| Uniforms | 46 | 42 | 42 |
Compute the lower of cost or market for ending inventory applied separately to each product.
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Fundamental Accounting Principles
Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta
17th Edition
0072946601, 9780072946604
