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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: points Product Product Product 2 Product Skipped $ 97 $57 47 92 Cost Replacement cost Selling price Selling costs Normal profit margin 127 46 37 eBook 12 Print Required: What unit values should Herman use for each of its products when applying the lower of cost or market (LCM) to ending inventory? References Product Cost Replacement cost NRV NRV - NP Market Per Unit Inventory Value
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