Han Company has three products in its ending inventory. Specific per unit data at the...
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Accounting
Han 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 |
Required: What unit values should Han use for each of its products when applying the lower of cost or net realizable value (LCNRV) rule to ending inventory?
| Product | Cost | NRV | Per Unit Inventory Value |
| 1 | |||
| 2 | |||
| 3 |
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