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PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU! The inventory of Royal Decking consisted of five products. Information about the December
PLEASE PUT SOLUTION IN THE SAME FORMAT AS THE IMAGE THANK YOU!
The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: Per Unit Selling Price S 77 Replacement Cost 52 Product Cost 57 A 97 87 117 C 57 72 97 D 117 87 147 45 E 37 47 Selling costs consist of a sales commission equal to 15% of selling price and shipping costs equal to 5% of cost. The normal profit is 40% of selling price Required: What unit value should Royal Decking use for each of its products when applying the lower of cost or market (LCM) rule to units of ending inventory? (Do not round intermediate calculations. Round final answers to 2 decimal places.) Per Unit Inventory Value Replacement Cost Cost NRV Product NRV-NP Market A E in ain m
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