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Exercise 6-10 Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 38 $ 60 $ 56 Bats 31 78 84 Shoes 52 97 101 Uniforms 92 42 56 Compute the lower of cost or market for ending inventory applied separately to each product. Per Unit Total Inventory Items Units Cost Market Cost Market LCM Applied to Items Helmets 38 $ 56 60 $ 78 Bats 31 52 97 Shoes Uniforms 84 101 42 56 42 Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. S Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 70 units @ $50.40 per unit 210 units $55.40 per unit 70 units @ $60.90 per unit 120 units@ $62.40 per unit 230 units $85.40 per unit 470 units 100 units $95.40 per unit 330 unita Problem 6-1A Part 1 Required: 1. Compute cost of goods available for sale and the number of units available for sale Cost of Goods Available for Sale Cost of Goods # of units Unit Available for Sale Cost per Beginning inventory Purchases: March 5 March 18 March 25 Total Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 (The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units sold at Retana Unita Xequired at Coat 70 units @ $50.40 per unit 210 units @ $55.40 per unit Date nativities Mar. 1 Beginning inventory 5 Purchase T. 9 Sales Mon 10 Purchase Mar. 25 Purchase Mor. 29 Sales Totals 230 unitu $85.40 per unit 70 units $60.40 per unit 120 unsts@ 62.40 per unit 100 units 595.40 per unit 330 units 470 units Problem 6-1A Part 2 2. Compute the number of units in ending inventory Ending inventory Lunas