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Ames Trading Co. has the following products in its ending inventory. Product Mountain bikes Skateboards Gliders Quantity Cost per Unit $710 260 29 810 Market

Ames Trading Co. has the following products in its ending inventory. Product Mountain bikes Skateboards Gliders Quantity Cost per Unit $710 260 29 810 Market per Unit $ 660 290 730 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 TT 1

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