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 $ 26 Product 2 $ 96 Product 3 $ 56 24 91 46 46 126 63 8 11 31 14 36 18 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 Replacement cost 1 $ 26 $ 2 96 3 56 24 91 46 NRV NRV - NP Market Per Unit Inventory Value