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:

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 Selling price Costs to sell Product 1 $23 49 9 Product 2 $ 93 129 46 Product 3 $53 79 13 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 3