Exercise 9-1 (Algo) Lower of cost or net realizable value [LO9-1] Herman 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 follows: Product 3 $56 Cost Selling price Conta to sell Product 1 $26 58 6 Product 2 $ 96 138 52 16 Required: What unit values should Herman use for each of its products when applying the lower of cost or net realizable valve (LCNRV) rule to ending inventory? Product Cost NRV Por Unit Inventory Value 1 2 3