Question

Chapter 5 Exercises Help Save & Martinez Company's ending inventory includes the following items. 1.25 points Units 33 Product Helmets Bats Shoes Uniforms Cost per Unit $ 55 73 92 Market per Unit $ 51 79 96 37 eBook Hint Compute the lower of cost or market for ending inventory applied separately to each product. Print References Per Unit Total Inventory Items Units Cost Market Cost Market LCM Applied to Items 33 $ 55 $ 51 $ 335 515 26 47 92 96 Helmets Bats Shoes Uniforms 73 51 37 37 $ 33 $ 51 Grave Prex 6 of 8 H Score answer >

Answer 1

		Per unit		Total
Inventory Item	Units	Cost	Market	Cost	Market	Lower of Cost or Market
	(a)	(i)	(ii)	(iii) = (a)*(i)	(iv) = (a)*(ii)	Lower of (iii) or (iv)
Helmets	33	$          55	$          51	$                 1,815	$           1,683	$            1,683
Bats	26	$          73	$          79	$                 1,898	$           2,054	$            1,898
Shoes	47	$          92	$          96	$                 4,324	$           4,512	$            4,324
Uniforms	51	$          37	$          37	$                 1,887	$           1,887	$            1,887
Total Inventory Value						$            9,792

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