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Information for Q-mart appears in the following table. Calculate the reported cost of Inventory when LCM Is applied to Individual items of Inventory. Item Units

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Information for Q-mart appears in the following table. Calculate the reported cost of Inventory when LCM Is applied to Individual items of Inventory. Item Units Cost/Market/Total Total LCM applied Unit Unit Cost Market to units? Bikes: Bike A 10 20 $50 $52 $30 $28 $500 $520 $600 $560 Bike B Scooters: Scooter A10 Scooter B25 $10 $9 $20 $18 $100 $90 $500 $450 $1,700 $1,620 Totals

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