Ames Trading Company has the following products in its ending inventory. Cost per Unit Market per Product Quantity Unit Mountain bikes 20 $ 610 $ 550 Skateboards 21 260 320 Gliders 28 930 900 Compute...


Ames Trading Company has the following products in its ending inventory.<br>Cost per<br>Unit<br>Market per<br>Product<br>Quantity<br>Unit<br>Mountain bikes<br>20<br>$ 610<br>$ 550<br>Skateboards<br>21<br>260<br>320<br>Gliders<br>28<br>930<br>900<br>Compute lower of cost or market for inventory applied separately to each product.<br>Per Unit<br>Total<br>LCM applied to<br>each product<br>Inventory Items<br>Units<br>Cost<br>Market<br>Cost<br>Market<br>Mountain bikes<br>Skateboards<br>Gliders<br>

Extracted text: Ames Trading Company has the following products in its ending inventory. Cost per Unit Market per Product Quantity Unit Mountain bikes 20 $ 610 $ 550 Skateboards 21 260 320 Gliders 28 930 900 Compute lower of cost or market for inventory applied separately to each product. Per Unit Total LCM applied to each product Inventory Items Units Cost Market Cost Market Mountain bikes Skateboards Gliders

Jun 10, 2022
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