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please help! will rate. Herman Company has three products in its ending inventory. Specific per unit date at the end of the year for each
please help! will rate.
Herman Company has three products in its ending inventory. Specific per unit date at the end of the year for each of the products are as follows Cost Replacesent cost Selling price Selline costs Normal profit Product $16 14 55 5 21 Product $100 101 136 41 46 product $60 56 05 15 20 Required: What unit values should Herman use for each of its products when applying the lower of cost or morket (LCM) rule to ending inventory? Product Cost NRV NRY - NP Market Per Unit Inventory Value 1 $ Replacement COS 5 34 101 56 2 106 66 3 Step by Step Solution
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