Ideal Boot Company manufactures two types of boots rain boots and snow boots Information both products is presented in the following table (Ch e loon to view the data) to the ending voor al printing the lower-color marr assing that deal Boot h e group by group proach to Lo cal Bocuses FIFO for inventory costing purposes Assure that Real Boot Company is a US GAAP recorte) i Da Table Begin by completing the table below to identify the market value for each group and to determine the FIFO Market Lower of Cost Group Cost Value or Market Pain boots Snowboots Enter a o no LCM loss adjustment is required) Current Replacement Cost Selling Price $ 91 Disposal Normal Pront Costs Margin S 26 10 Cost 5 55 Assuming Ideal Boot Company uses the group-by-group proach for LCM Computations, a wide-down lo m i stoquired for the rain boots under US GAAP Enter a " no LCM loss adjustment is regard) Enter any number in the colds and then continue to the next question Ideal Boot Company manufactures two types of boots rain boots and snow boots Information both products is presented in the following table (Ch e loon to view the data) to the ending voor al printing the lower-color marr assing that deal Boot h e group by group proach to Lo cal Bocuses FIFO for inventory costing purposes Assure that Real Boot Company is a US GAAP recorte) i Da Table Begin by completing the table below to identify the market value for each group and to determine the FIFO Market Lower of Cost Group Cost Value or Market Pain boots Snowboots Enter a o no LCM loss adjustment is required) Current Replacement Cost Selling Price $ 91 Disposal Normal Pront Costs Margin S 26 10 Cost 5 55 Assuming Ideal Boot Company uses the group-by-group proach for LCM Computations, a wide-down lo m i stoquired for the rain boots under US GAAP Enter a " no LCM loss adjustment is regard) Enter any number in the colds and then continue to the next