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Tanzy Company's ending inventory includes the following items. Compute the lower of cost or market for
Tanzy Company's ending inventory includes the following items. 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
SOLUTION
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