an Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the products are as ollows: Product 1 Product 2 Product 3 Cost $ 30 $ 100 $ 60 Selling price 70 150 1% Costs to sell 10 66 20 equired: hat unit values should Han use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to nding inventory? Han Company has three products in its ending inventory. Specific per unit data at the end ofthe year for each of the products are as follows: Product 1 Product 2 Product 3 Cost $ 32 $ 102 $ 62 Replacement cost 30 97 52 Selling price 52 132 79 Selling costs 4 49 9 Normal profit 17 42 24 Required: What unit values should Han use for each of its products when applying the lower of cost or market (LCM) rule to ending inventory? On September 22, 2024, a flood destroyed the entire merchandise inventory on hand in a warehouse owned by the Rocklin Sporting Goods Company. The following information is available from the records ofthe company's periodic inventory system: Inventory, January 1, 2024 $ 144,000 Net purchases, January 1 through September 22 374,000 Net sales, January 1 through September 22 570,000 3095 G ross profit ratio Required: Complete the below table to estimate the cost of inventory destroyed in the flood using the gross profit method. Beginning inventory Plus: Net purchases Cost of goods available for sale 0 Less: Cost of goods sold: Net sales Less: Estimated gross prot Estimated cost of goods sold 0 $ 0 Estimated cost of inventory destroyed