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Ames Trading Co. has the following products in its ending inventory. Product Quantity cost per Unit Market per Unit Mountain bikes 11 $730 $700 Skateboards

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Ames Trading Co. has the following products in its ending inventory. Product Quantity cost per Unit Market per Unit Mountain bikes 11 $730 $700 Skateboards 15 360 Gliders 15 730 670 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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