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Ames Trading Co. has the following products in its ending inventory. Product Quantity Cost per Unit Market per Unit Mountain bikes 30 $700 $650 Skateboards 26 230 260 Gliders 12 870 830 Compute lower of
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Ames Trading Co. has the following products in its ending inventory.

Product Quantity Cost per Unit Market per Unit
Mountain bikes 30 $700 $650
Skateboards 26 230 260
Gliders 12 870 830
Compute lower of cost or market for inventory applied separately to each product.

User Arien Malec
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Answer:

Product Qty Cost Market LCM Result

Mountain Bikes 30 $700 $650 30*650 $19,500

Skateboards 26 $230 $260 26*230 $5,980

Gliders 12 $870 $830 12*830 $ 9,960

User Koloman
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