E 9-1 Lower of cost or follows: market - LO1 Required: What unit values should Herman use for each of its products when applying the LCM rule to ending inventig? E 9-2 Refer to the situation described in Exercise 9-1. U.S. GAAP; Lower Required: of cost or market How might your solution differ if Herman Company prepares its financial statements according to the US. LO1 LO7 GAAP? E 9-1 Lower of cost or follows: market - LO1 Required: What unit values should Herman use for each of its products when applying the LCM rule to ending inventig? E 9-2 Refer to the situation described in Exercise 9-1. U.S. GAAP; Lower Required: of cost or market How might your solution differ if Herman Company prepares its financial statements according to the US. LO1 LO7 GAAP