Final Esam 42. Applying LCM, what floor or lower limit must TiCo use? a.$31 b. $35 c. $32 d, $29 43. Assume that the ceiling for each unit is $33 and the floor is $27. What ber unit amount will TiCo use for ending inventory on its balance sheet? a. $32 b. $29. $33 d. $27 Use the following information for problems #44-46. JaCo has the following inventory at year end: Cases on hand Cost per case Market per case Plastic Cars and trucks Action figures 12 $80 $75 28 18 Rubber Pool toys Sports novelties Zoo animals 20 80 110 $56 32 17 $62 29 15 Cardboard Board games Jigsaw puzzles What is JaCo's ending inventory applying LCM by item? $34 21 $24 23 30 50 44. a. $8,156 b. $8,484 c. $8,358 d. $8,436 45. What is JaCo's ending inventory applying LCM by group? c. $8,358 d.$8,436 a.$8,156 b, $8,484 211