The inventory of Royal Decking consisted of five products. Information about ending inventory is as follows: (pictured below):

selling costs consist of a sales commission equal to 50% of selling price and shipping cost equal to 5% of cost. The normal profit is 35% of selling price. 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? (please show formual/equations used to find the anawer)

The inventory of Royal Decking consisted of five products. Information about ending inventory is as follows: Selling costs consist of a sales commission equal to 15% of seling price and shipping costs equal to 5% of cost. The normal profit is 35% 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? Note: Do not round intermediate colculations. Round final onswers to 2 decimal places