Oslo Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. Aprofit margin of 30% on selling price is considred normal for each product. Specific data with respect to each product follows:
- Product 1 Product 2
- Historical cost 20.00 35.00
- Replacement cost 22.50 27.00
- Estimated cost to dispose 5.00 13.00
- Estimated selling price 40.00 65.00
In pricing its ending inventory using the lower of cost or market, waht units values should Oslo use for products #1 and # respectively?