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 $ $30$ $ $100$ $ $60$

Selling price $70150100$

Costs to sell $106020$

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? $3$

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:

$\backslash$table$[[,$Product $1,$Product $2,$Product $3],[$Cost$,$$$30,$$$100,$$$60],[$Selling price,$70,150,100],[$Costs to sell,$10,60,20]]$

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?

$\backslash$table$[[$Product$,$Cost,NRV$,\backslash$table$[[$Per Unit$],[$Inventory Value$]]],[1,,,],[2,,,],[3,,,]]$