Exercise 9-1 (Algo) Lower of cost or net reallzable volue (L09-11 Herman Company has three products in its ending inventory. Specific per unie data at the end of the year for each of the products are as follows: Cost Selling price Costs to sell Product 1 529 67 9 Product 2 $99 142 58 Products 359 9 19 OK Required: What unit values should Herman use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to ending Inventory? Product Cost NRV Per Unit Inventory Value $ 1 2 20 00 3 ences