Question: Ripken Company's ending inventory includes the following items. Compute the lower of cost or market for ending inventory 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