Business, 02.07.2021 17:00, dmaxbexkham

The inventory of Royal Decking consisted of five products. Information about the December 31, 2018, inventory is as follows: Per Unit Product Cost Selling Price A $ 150 $ 170 B 190 210 C 150 200 D 110 190 E 70 90 Costs to sell consist of a sales commission equal to 10% of selling price and shipping costs equal to 10% of cost. Required: What unit value should Royal Decking use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to units of ending inventory

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The inventory of Royal Decking consisted of five products. Information about the December 31, 2018,...