Wildhorse 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 $11 $19 Replacement cost 11 14 Estimated cost to dispose 2 7 Estimated selling price 18 32 In pricing its ending inventory using the lower-of-cost-or-market, what unit values should Wildhorse use for products #1 and #2, respectively? $11 and $14. $11 and $15.4. $7 and $13. $16 and $25.

Wildhorse 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 $11 $19 Historical cost 11 14 Replacement cost 2 7 Estimated cost to dispose 32 Estimated selling price 18 In pricing its ending inventory using the lower-of-cost-or-market, what unit values should Wildhorse use for products #1 and #2, respectively? $ 11 and $ 14. O $ 11 and $ 15.4. $ 7 and $13. O $ 16 and $25