Question: Check my work mode : This shows what is correct or incorrect for the work you have comple Herman Company has three products in its



Check my work mode : This shows what is correct or incorrect for the work you have comple Herman Company has three products in its ending inventory. Specific per unit data at the end as follows: Cost Selling price Costs to sell Product 1 $ 40 100 6 Product 2 $110 180 80 Product 3 $ 70 130 30 Required: What unit values should Herman use for each of its products when applying the lower of cost ending inventory? Answer is complete but not entirely correct. Per Unit Inventory Product Cost NRV LUSUS LU SEIL Required: What unit values should Herman use for each of its products when applying the lower of cost or netr ending inventory? % Answer is complete but not entirely correct. Product Cost NRV Per Unit Inventory Value 1 40 $ S $ 40 6 x ef 110 2. 80 X 50 X 70 3 30 x 50 X Prey 1 of 4 Next > Cost Selling price Costs to sell Product 1 $ 40 100 6 Product 2 $110 180 80 Product 3 $ 70 130 30 Required: What unit values should Herman use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to ending inventory? X Answer is complete but not entirely correct. Product Cost NRV Per Unit Inventory Value 6 X 1 IS 40 IS 40 X 5 2 110 80 X 50 X 50 X 3 70 30 X Prey 1 of 4 Next > 55F Mostly su.. O
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