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Ames Trading Co. has the following products in its ending inventory. Product Quantity 24 Cost per Unit $ 700 Market per Unit $ 650 Mountain

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Ames Trading Co. has the following products in its ending inventory. Product Quantity 24 Cost per Unit $ 700 Market per Unit $ 650 Mountain bikes Skateboards 10 200 280 Gliders 30 730 670 Compute lower of cost or market for inventory applied separately to each product. Per Unit Total LCM applied to Inventory Items Units Cost Market Cost Market each product Mountain bikes $ 0 $ 0 Skateboards 0 Gliders oool 0 $ 0 $ $ 0

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