Determine the unit value for each product applying the LCNRV in measuring inventory

Prime company manufactures and sells four products, the inventories of which are priced at cost or net realizable value whichever is lower.

A normal profit of 30% is usually maintained on each product.

The following information is compiled at year end:

Product Original cost COst to dispose Estimated selling price Normal Selling Price

1 700 150 800 700

2 475 205 950 950

3 255 50 300 350

4 450 260 1,000 900