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Ames Trading Company has the following products in its ending inventory. Product Mountain bikes Skateboards Quantity 11 Cost per Unit $ 600 Market per

Ames Trading Company has the following products in its ending inventory. Product Mountain bikes Skateboards Quantity 11 Cost per Unit $ 600 Market per Unit $ 550 13 26 425 700 Gliders 350 800 Compute lower of cost or market for inventory applied separately to each product. Per Unit Total Inventory Items Units LCM applied to Cost Market Cost Market each product Mountain bikes Skateboards Gliders

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