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: Cost Replacement cost Selling price Selling costs Normal profit Product 1 $ 22 20 42 8 7 Product 2 $ 92 87 122 44 32 Product 3 $ 52 42 77 11 14 Required: What unit values should Herman use for each of its products when applying the lower of cost or market (LCM) rule to ending inventory? Product Cost NRV NRV - NP Market Per Unit Inventory Value $ Replacement cost 22 $ 20 92 87 52 42 2