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QS 6-19 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 6-19 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 22 $550 $510 Skateboards 18 390 460 Gliders 13 750 680 Compute lower of cost or market for inventory applied separately to each product. Per Unit Cost Market Units Inventory Items Mountain bikes Skateboards Gliders Total LCM applied to Cost Market each product 0 $ 0 o 0 0 $ 0 $ 0 $ 0

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