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 ? 32 $102 Cost Replacement cost Selling price Selling costs Normal profit margin $ 62 97 132 49 42 30 52 52 79 17 24 Required: What unit values should Herman use for each of its products when applying the lower of cost or market (LCM) to ending inventory? Per Unit Replacement cost Product Cost NRV NRV - NP Market Inventory Value 2 3