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QS 5-19 Applying LCM to inventories LO P2 Ames Trading Co. has the following products in its ending inventory. Product Quantity Cost per Unit Market

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QS 5-19 Applying LCM to inventories LO P2 Ames Trading Co. has the following products in its ending inventory. Product Quantity Cost per Unit Market per Unit Mountain bikes Skateboards Gliders 13 26 $ 600 350 800 $550 425 700 Compute lower of cost or market for inventory applied separately to each product. Per Unit Total LCM applied to Inventory Items UnitsCost Market Cost Market each product Mountain bikes Gliders

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