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 $ 23 21 43 6 8 Product 2 $ 93 88 123 34 33 Product 3 $ 53 43 73 15 15 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 NRV NRV - NP Market Per Unit Inventory Value 1 1 $ 23 $ 21 2 93 88 1991 3 53 43