Golden Corporation has two products in its ending inventory, each accounted for at the lower of cost or market. A profit margin of 30% on selling price is considered normal for each product.
Specific data with respect to each product follows:
Product #1 Product #2
Historical cost..................$15.00.......$45.00
Replacement cost...............17.00.........43.00
Estimated cost to dispose.....5.00.........26.00
Selling price.......................30.00.......100.00
In pricing its ending inventory using the lower of cost or market, what unit values should Golden use for products #1 and #2, respectively?