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

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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: points Product 1 Product 2 Product 3 $ 40 $110 $ 70 100 180 130 Skipped Cost Selling price Costs to sell 6 80 30 eBook Hint 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? Print Product Cost NRV Per Unit Inventory Value References

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