Compute the lower of cost or market
For ending inventory (a) as a whole and (b) applied separately to each product.
Per Unit
Product Units Cost Market
Helmets.. . 22 $50 $54
Bats.. . 15 78 72
Shoes.. . 36 95 91
Uniforms.. . 40 36 36
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Compute the lower of cost or market
For ending inventory (a) as a whole and (b) applied separately to each product.
Per Unit
Product Units Cost Market
Helmets.. . 22 $50 $54
Bats.. . 15 78 72
Shoes.. . 36 95 91
Uniforms.. . 40 36 36
Get the lower amount and multiply the unit.
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