The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows:

Costs to sell consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% of cost.

Required:What unit value should Royal Decking use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to units of ending inventory?

Transcribed Image Text:

Per Unit Product Cost Selling Price $ 40 $ 60 B 80 100 40 80 130 100 20 30