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Exercise 5-10 Lower of cost or market LO P2 Martinez Company's ending inventory includes the...

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Accounting

Exercise 5-10 Lower of cost or market LO P2 Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 40 $ 62 $ 58 Bats 33 80 112 Shoes 54 99 103 Uniforms 58 44 44 Compute the lower of cost or market for ending inventory applied separately to each product.

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