Ripken companys ending inventory includes the following, Accounting Basics

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Ripken companys ending inventory includes the following

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

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Accounting Basics: Ripken companys ending inventory includes the following

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Accounting Basics: Ripken companys ending inventory includes the following

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