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Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on

Oslo 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

$10

$ 18

Replacement cost

11

14

Estimated cost to dispose

3

7

Estimated selling price

20

33

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

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