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HW er 9 Saved Help Save & Exit Herman Company has three products in its ending inventory. Specific per unit data at the end of

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HW er 9 Saved Help Save & Exit 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 Cost Replacement cost Selling price Selling costs Normal profit Product 1 $ 30 28 50 7 15 Product 2 $100 95 130 45 40 Product 3 $ 60 50 60 12 22 ook int Required: What unit values should Herman use for each of its products when applying the lower of cost or market (LCM) rule to ending inventory? ences Cost Product Replacement cost NRV NRV - NP Market Per Unit Inventory Value $ $ 28 1 2 3 30 100 60 95 50

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