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Martinez Company's ending inventory includes the following items
Martinez Company's ending inventory includes the following items. Per Unit Product Helmets Bats Shoes Uniforms Units Cost Market 34 $56 52 74 93 38 27 48 52 80 97 38 Compute the lower of cost or market for ending inventory applied separately to each product. Per Unit otal LCM applied to: Products Product Units Cost Market Cost Market Helmets Bats Shoes Uniforms 34 27 48 52 5652 80 97 38 74 93 38
Expert Solution
| Per Unit | Total | |||||
| Product | Units | Cost | Market | Cost | Market | LCM applied to: Products |
| Helmets | 34 | $56 | $52 | $1,904 | $1,768 | $1,768 |
| Bats | 27 | $74 | $80 | $1,998 | $2,160 | $1,998 |
| Shoes | 48 | $93 | $97 | $4,464 | $4,656 | $4,464 |
| Uniforms | 52 | $38 | $38 | $1,976 | $1,976 | $1,976 |
| $10,342 | $10,560 | $10,206 | ||||
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