can someone please give me infos for 9-4 and 9-5 ?

thank you

Exam More Impoted 103 50,000 30,000 104 I. Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or net realizable Required value (LCNRV) rule is applied to individual products. 2. Assuming that inventory write-downs are common for Tatum Company, record any necessary year-end adjusting entry. [This is a variation of E 9-1, modified to focus on the lower of cost or market.] Herman Company has three prod ucts in its ending inventory. Specific per unit data at the end of the year for each of the products are as follows E/9-4 Lower of cost or market Product 1 Product 2 Product 3 TTT LO9-1 $20 $ 90 $50 Cost 18 85 40 Replacement cost Selling price Selling costs Normal profit margin 40 120 70 6 40 10 5 30 12 Required: What unit values should Herman use for each of its products when applying the lower of cost or market (LCM rule to ending inventory? [This is a variation of E 9-2, modified to focus on the lower of cost or market.] The inventory of Royal Deckine consisted of five products. Information about the December 31, 2018, inventory is as follows: E 9-5 Lower of cost or market LO9-1 Per Unit TITT Product Cost Replacement Cost Selling Price A $ 40 $35 $ 60 B 80 70 100 C 40 55 80 D 100 70 130 E 20 28 30 Selling costs consist of a sales commission equal to 10 % of selling price and shipping costs equal to 5% of co The normal gross profit percentage is 30 % of selling price. Required: What unit value should Royal Decking use for each of its products when applying the lower of cost or market (LCM) rule to units of ending inventory