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: Cost Replacement cost Selling price Selling costs Normal profit Product 1 $ 25 23 45 7 10 Product 2 $95 90 125 39 35 Product 3 $ 55 45 67 13 17 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 NRV Per Unit Inventory Value NRV - NP Market 1 $ Replacement COST 25 $ 23 95 90 55 45 2 3