Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 31 $59 $63 24 113 81 45 104 100 49 45 45 Bats Shoes Uniforms Compute the lower of cost or market for ending inventory applied separately to each product. Inventory Items Units Helmets Bats Shoes Uniforms 31 24 45 49 Per Unit Cost Market $ 59 $ 63 113 81 104 100 45 45 Cost Total Market LCM Applied to Items
Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 31 $59 $63 24 113 81 45 104 100 49 45 45 Bats Shoes Uniforms Compute the lower of cost or market for ending inventory applied separately to each product. Inventory Items Units Helmets Bats Shoes Uniforms 31 24 45 49 Per Unit Cost Market $ 59 $ 63 113 81 104 100 45 45 Cost Total Market LCM Applied to Items
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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