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Business, 02.02.2020 17:52 lexiecooley

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 $ 20 $ 90 $ 50 selling price 40 120 70 costs to sell 6 40 10 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?

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