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The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: 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 seling 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 intermedlete colculations. Round final answers to 2 decimal places.) On November 21, 2021, a fire at Hodge Company's warehouse caused severe damage to its entire irventory of Product Tex. Hodge estimates that all usable damaged goods can be sold for $23,000. The following information was avallable from the records of Hodge's pefiodicinventory system: Based on recent history. Hodge's gross profit ratio on Product Tex is 40% of net sales. Required: Calculate the estimated loss on the inventory from the fire. using the gross profit method. Almaden Valley Variety Store uses the retail imventory method to estimate ending inventory and cost of goods sold. Data for 2021 are as follows: Required: Complete the rable below to estimote the ending inventory and cost of goods sold for 2021 , applying the conventional retail method using the information provided. (Round rotio colculation to 2 decimal places (l.e., 0.1234 should be entered as 12.34\%.). Enter omounts to be deducted whth o minus slgn.)