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Ames Trading Co. has the following products in its ending inventory. Product Mountain bikes Skateboards Gliders Quantity Cost per Unit 25 $550 10 330 17

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Ames Trading Co. has the following products in its ending inventory. Product Mountain bikes Skateboards Gliders Quantity Cost per Unit 25 $550 10 330 17 810 Market per Unit $ 520 360 750 Compute lower of cost or market for inventory applied separately to each product. Per Unit Units LCM applied to each product Cost Market Total Cost Market $ 0 $ 0 Inventory Items Mountain bikes Skateboards 0 0 Gilders 0 0 $ 0 $ 0 $ 0

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