Exercise 9-5 (Algo) Lower of cost or market (L09-17 The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: Product Cost $51 Por Unit Replacement Cost Selling Price Su Prim 111 Selling costs consist of a selos commission equal to 10% of selling price and shipping costs equal to 5% of cost. The normal profit is 35% 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? (Do not round intermediate calculations. Round final answers to 2 decimal places.) Product Cost Replacement cost NRV NRV - NP Market Per Unit Inventory Value 50 $ 91 81 5166 95 35