1. 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 $9 $ 16

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, determine what unit values, rounded to the nearest dollar, should Oslo use for products #1 and #2, respectively.