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Business, 15.04.2021 19:20 russbeast6584

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 $ 23 $ 93 $ 53 Replacement cost 21 88 43 Selling price 43 123 73 Selling costs 6 34 15 Normal profit 8 33 15 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

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