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Ames Trading Co. has the following products in its ending inventory. Product Mountain bikes Skateboards Gliders Quantity 15 30 24 Cost per Unit $ 720

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Ames Trading Co. has the following products in its ending inventory. Product Mountain bikes Skateboards Gliders Quantity 15 30 24 Cost per Unit $ 720 200 770 Market per Unit $ 660 270 720 Compute lower of cost or market for inventory applied separately to each product. Per Unit Cost Market Total Market LCM applied to each product Units Cost Inventory Items Mountain bikes Skateboards Gliders

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