Saved He The inventory of Royal Decking consisted of five products. Information about the December...
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Saved He The inventory of Royal Decking consisted of five products. Information about the December 31, 2018, inventory is as follows Per Unit t Selling Price $200 240 120 160 100 $220 260 240 300 140 Costs to sell consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% 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? Per Unit Value Product Cost NRV Invent
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