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Unformatted text preview: If the current replacement cost is between the floor and the ceiling, the current replacement cos If the current replacement cost is greater than the ceiling, the ceiling amount is the market amou If the current replacement cost is lower than the floor, the floor amount is the market amount. LCM Inventory $54,000 $52,000 $38,000 $34,000 $82,000 $22,400 $70,500 $352,900 , applying this method directly to each item he total of the inventory. st is the market amount. unt....
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- Spring '10
- Accounting, Harshad number, Nontotient, $34,000, $0.20, $38,000, $52,000