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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
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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.

User Sbgib
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10 votes
10 votes

Answer:

Inventory Units CPU MV per unit Total Cost Total MV LCM

Helmets 30 58 62 1740 1860 1740

Bats 23 112 80 2576 1840 1840

Shoes 44 103 99 4532 4356 4356

Uniforms 48 44 44 2112 2112 2112

Inventory Valuation 10048

User John Liu
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