A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory on January 31 totals 150 units. Determine the costs assigned to ending inventory under the periodic FIFO, LIFO and Weighted Average methods using the following information: Units Unit Cost Beginning inventory on January 1 320 $3.00 $ 3.20 80 Purchase on January 3 Purchase on January 26 100 $ 3.34 Ames Trading Co. has the following products in its ending inventory. Compare the lower of cost or market for inventory applied separately to each product. Quantity Cost per Unit Product Market per Unit 11 $ 600 Mountain bikes 550 Skateboards 13 $ 350 $ 425 Gliders 26 $ 800 $ 700 Should the cost or market be used for Gliders using the lower of cost or market method of valuing ending inventory