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

The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.