1 Herman Company has three products in its ending inventory Specific per unit data at the end of the year for each of the products are as follows Product 1 $ 35 33 55 7 20 Product 2 $105 1ee Cost Replacement cost Selling price Selling costs Normal profit 135 Products $65 55 75 11 27 02.59.34 40 45 Required: What unit values should Herman use for each of its products when applying the lower of cost or market (LCM) rule to ending Inventory? Product Cost Replacement cost NRY NRV NP Market Per Unit Inventory Value 2 3 35 5 105 65 33 100 55 Cinnamon Buns Co. (CBC) started 2021 with $52,100 of merchandise on hand. During 2021, $292,000 in merchandise was purchased on account with credit terms of 3/10 n/30. All discounts were taken. Purchases were all made fob shipping point CBC pald freight charges of $10.900. Merchandise with an invoice amount of $2,900 was returned for credit. Cost of goods sold for the year was $316,000. CBC uses a perpetual inventory system What is cost of goods available for sale, assuming CBC uses the gross method? 9:12 Multiple Choice $352100 $321627