Business, 06.05.2020 07:18 ekvitin337

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 Product 2 Product 3
Cost $ 36 $ 106 $ 66
Selling price 88 168 118
Costs to sell 9 72 26

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?

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Herman Company has three products in its ending inventory. Specific per unit data at the end of the...

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