Martinez Company's ending inventory includes the following items.   Product Units Cost per Unit Market per Unit Helmets 30   $ 58     $ 62   Bats 23     112       80   Shoes 44     103       99   Uniforms 48     44       44        Compute the lower of cost or market for ending inventory applied separately to each product.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Martinez Company's ending inventory includes the following items.
 

Product Units Cost per Unit Market per Unit
Helmets 30   $ 58     $ 62  
Bats 23     112       80  
Shoes 44     103       99  
Uniforms 48     44       44  
 

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

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