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The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: Product A B Cost $190 230
The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: Product A B Cost $190 230 170 150 100 Per Unit Selling Price $210 250 230 240 130 D E Costs to sell consist of a sales commission equal to 10% of selling price and shipping costs equal to 10% of cost. Required: What unit value should Royal Decking use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to units of ending inventory? Product Cost NRV Per Unit Inventory Value A B C D E
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