Inventory LCM. Given the following information for Galloway Company, assume they use LIFO so that LCM is subject to ceiling and floor constraints: Determine the "selected market value" and the "lower of cost or market value" for each inventory item for Using the information from the above question, determine the "lower of cost or market value" for Galloway Company's inventory if the lower of cost or market rule is applied to the total inventory. Show all work. Inventory LCM. Given the following information for Galloway Company, assume they use LIFO so that LCM is subject to ceiling and floor constraints: Determine the "selected market value" and the "lower of cost or market value" for each inventory item for Using the information from the above question, determine the "lower of cost or market value" for Galloway Company's inventory if the lower of cost or market rule is applied to the total inventory. Show all work