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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

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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 as follows Product1 25 23 45 7 10 Product2Product 3 Cost Replacement cost Selling price Selling costs Normal profit margin 95 90 125 39 35 $ 55 45 67 13 17 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 Replacement cost Product Cost NRV NRV - NP MarketInventory Value

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