Ames Trading Co. has the following products in its ending inventory. 23 Product Mountain bikes...
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Accounting
Ames Trading Co. has the following products in its ending inventory. 23 Product Mountain bikes Skateboards Gliders Quantity Cost per Unit $ 570 25 340 30 930 Market per Unit $ 540 410 880 Compute lower of cost or market for inventory applied separately to each product. Per Unit Inventory Items Units Cost Market Mountain bikes Total LCM applied to Cost Market each product 0 $ 01 0 0 0 0 $ 0 $ 0 $ 0 Skateboards Gliders
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