Tuesday, 13 October 2015

Martinez Company's ending inventory includes the following items.

Martinez Company's ending inventory includes the following items.
 
    Per Unit
   
  Product Units Cost Market
  Helmets 24      $ 50    $ 54    
  Bats 17        78      72    
  Shoes 38        95      91    
  Uniforms 42        36      36    

 
Required:

Compute the lower of cost or market for ending inventory applied separately to each product.

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Explanation:

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