Question: un y Exercises - Homework 1 Saved Help Save & EXIL 3 Check my work 4 Exercise 9-4 (Algo) Lower of cost or market (L09-1]
un y Exercises - Homework 1 Saved Help Save & EXIL 3 Check my work 4 Exercise 9-4 (Algo) Lower of cost or market (L09-1] 0.4 points 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: eBook Cost Replacement cost Selling price Selling costs Normal profit Product 1 $ 34 32 54 4 19 Product 2 $184 99 134 42 44 Product 3 $ 64 54 73 15 26 Print 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? References Product Cost Replacement gost NRV NRV-NP Market Per Unit Inventory Value 1 $ 34 32 2 104 00 84 3 04
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