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26 February, 22:17

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 $ 40 $ 110 $ 70 Selling price 100 180 130 Costs to sell 6 80 30

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  1. 26 February, 23:29
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    Answer and Explanation:

    Given:

    Product 1 Product 2 Product 3

    Cost of product $20 $90 $50

    Selling price $40 $120 $70

    Selling cost $6 $40 $10

    Computation:

    Product 1 Product 2 Product 3

    Product Cost $20 $90 $50

    N. R. V ($40-$6) = $34 ($120-$40) = $80 ($70-$10) = $60

    Per Unit Inventory Value $20 $90 $50
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