Business, 21.04.2020 22:34 himydomanasis

Ames Trading Co. has the following products in its ending inventory.

Product Quantity Cost per Unit Market per Unit
Mountain bikes 11 $ 600 $ 550
Skateboards 13 350 425
Gliders 26 800 700

Compute lower of cost or market for inventory applied separately to each product.

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Ames Trading Co. has the following products in its ending inventory.

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