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S 5-19 Applying LCM to inventories LO P2 Ames Trading Co. has the following products in its ending inventory. Product Mountain bikes Skateboards Gliders 17
S 5-19 Applying LCM to inventories LO P2 Ames Trading Co. has the following products in its ending inventory. Product Mountain bikes Skateboards Gliders 17 Quantity Cost per Unit $780 Market per Unit $740 10 10 290 740 3381 710 84 Compute lower of cost or market for inventory applied separately to each product. Per Unit Total LCM applied to Inventory Items Units Cost Market Cost Market each product Mountain bikes S 0 $ 0 Skateboards 0 0 Gliders 0 0 $ 0 $ 0 $
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