OrioleCorporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of30% on selling price is considered normal for each product. Specific data with respect to each product follows:

Product #1

Product #2

Historical cost$9

$17

Replacement cost7

11

Estimated cost to dispose6

8

Estimated selling price18

29

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

$7and $12.

$11and $12.

$11and $12.

$7and $11.