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:

	Product 1				Product 2				Product 3
Cost	$	20			$	90			$	50
Replacement cost		18				85				40
Selling price		40				120				70
Selling costs		6				40				10
Normal profit margin		5				30				12

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
2
3