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Simmons Incorporated has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product. Cost per

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Simmons Incorporated has the following products in its ending inventory. Compute lower of cost or market for inventory applied separately to each product. Cost per Product Shoes Shorts T-Shirts Quantity 100 200 150 Unit $ 150 $ 50 $ 75 Market per Unit $ 165 $ 45 $ 68 Multiple Choice $35,500. $26,400. $36,250. $34,200. $35,700

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