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ezto Chapter 9 Hw Question 16 (of 17) 10.00 points Herman Company has three products in its ending inventory. Specific per unit data for each of the products are as folows: Cost Selling price Costs to sell Product 1 Product 2 Product 3 $ 92 126 $22 46 $52 76 12 Required: What unit values should Heman use for each of its products when applying the net realizable value rule to ending inventory? roduct Cost NRV Va
Expert Answer
| Product | Cost | NRV | Per unit inventory value |
| 1 | 22 | 38 | 22 |
| 2 | 92 | 82 | 82 |
| 3 | 52 | 64 | 52 |
| 2 | |||
| Cost = 26 | |||
| NRV = 36-4 = 32 | |||
| Unit value = 26 | |||
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Question & Answer: ezto Chapter 9 Hw Question 16 (of 17) 10.00 points Herman Company has three products in its ending inventory……
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