The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: Product Cout $210 250 130 170 120 Per Unit Selling Price $230 270 250 330 150 C D 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 Cout NRV Per Unit Inventory Value 5 2105 250 130 21 25 D 170 120 E Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the three months ending March 31, 2021 Cost $250,000 663,000 Beginning inventory Net purchases Nat markup Net markdowns Net sales Retail $364,000 830,000 29,000 9,000 105,000 Required: Complete the table below to estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 2021, using the information provided. Assume stable retail prices during the period. (Round ratio calculation to 2 decimal places (ie. 01234 should be entered as 12.34%). Enter amounts to be deducted with a minus sign.) Cost Cost-to-Retail Retail Ratio 34.000 $ 250,000 $ Beginning inventory Nature Nema Ne down Good for sale (excluding beginventory Goods we for sale including beg, inventory 0.1234 should be entered as 12.34%.). Enter amounts to be deducted with a minus sign.) Cost Retail Cost-to-Retail Ratio 364,000 $ 250,000 $ Beginning inventory Net purchases Net markups Net markdowns Goods available for sale (excluding beg. inventory) Goods available for sale (including beg, inventory) % Cost-to-retail percentage (beginning) Cost-to-retail percentage (current) % Net sales Estimated ending inventory at retail Estimated ending inventory at cost Estimated cost of goods sold