Compute the lower of cost or market for ending inventory

Assignment Help Accounting Basics

Reference no: EM131912789

Problem

Martinez Company's ending inventory includes the following items.

Product Units, Cost, per Unit Market per Unit

Helmets 36 $ 58 $ 54

Bats 29 76 82

Shoes 50 95 99

Uniforms 54 40 40

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

Reference no: EM131912789

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