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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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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
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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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