Exercise 9-5 (Static) Lower of cost or market [LO9-1] The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: Product A mono Cost $ 40 80 40 100 20 Per Unit Replacement Cost $ 35 70 55 70 28 Selling Price $ 60 100 80 130 30 D E Selling costs consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% of cost. The normal profit is 30% 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? Product Cost Replacement cost NRV NRV - NP Market Per Unit Inventory Value $ B 40 $ 80 35 70 40 55 70 D 100 E 20 28