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Week 8: Homework Saved 2 The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: 6
Week 8: Homework Saved 2 The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows: 6 points Product A B C D E Cost $ 42 82 42 192 22 Per Unit Replacement Cost $ 37 72 57 72 3e Selling Price $ 62 192 82 132 32 eBook Ask Selling costs consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% of cost. The normal profit is 20% 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? (Do not round Intermediate calculations. Round final answers to 2 decimal places.) Print Product Cost Replacement cost NRV NRV - NP Market Per Unit Inventory Value References A S 42 S 37 72 B 82 42 102 22 8 NON D E
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