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The following chart represents plates for sale at WalMart by type, determine the LCM. Historical Cost Floor Replacement Cost Ceiling Market LCM Paper $ 0.10

The following chart represents plates for sale at WalMart by type, determine the LCM.

Historical CostFloorReplacement CostCeilingMarketLCM
Paper$ 0.10$ 0.05$ 0.15$ 0.20$ 0.30
Plastic$ 1.12$ 1.00$ 1.00$ 1.25$ 0.96
Glass$ 2.54$ 2.12$ 2.25$ 3.00$ 2.34
Fancy China$ 3.00$ 3.25$ 3.00$ 4.99$ 5.00

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