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Homework Saved Help Save & Exit Check The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as
Homework Saved Help Save & Exit Check The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: Product A B C D E Cost $50 90 50 50 10 Per Unit Selling Price $ 70 110 90 80 20 Costs to sell consist of a sales commission equal to 20% of selling price and shipping costs equal to 10% of cost. Required: What unit value should Royal Decking use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to units of ending Inventory? Per Unit Inventory Product Cost NRV Value A B C D E 1 of 10 HA Prey Next >
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