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

The inventory of Royal Decking consisted of five products. Information about the December 31, 2018, inventory is as follows: Per Unit
Product Cost Replacement Cost Selling Price
A $ 51 $ 46 $ 71
B 91 81 111
C 51 66 91
D 111 81 141
E 31 39 41 Selling costs consist ofa sales commission equal to 10% of selling price and shipping costs equal to 5% of cost. The normal gross profit
percentage is 35% of selling price. Required:
What unit value should Royal Decking use for each of its products when applying the lower of cost or market (LCM) rule to units of
ending inventory? (Do not round intermediate calculations. Round final answers to 2 decimal places.)

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"