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Business, 09.10.2019 23:00 neolmar9329

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 3cost $ 20 $ 90 $ 50replacement cost 18 85 40selling price 40 120 70selling costs 6 40 10normal profit margin 5 30 12required: 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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