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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

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 $ 38 $ 108 $ 68
Selling price 94 174 124
Costs to sell 11 76 28

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 - NRC- Per Unit Inventory Value.

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