The inventory of Royal Decking consisted of five products. Information about ending inventory is as...
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The inventory of Royal Decking consisted of five products. Information about ending inventory is as follows: Selling costs consist of a sales commission equal to of selling price and shipping costs equal to of cost The normal profit is 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? Note: Do not round intermediate calculations. Round final answers to decimal places. 
The inventory of Royal Decking consisted of five products. Information about ending inventory is as follows:
Selling costs consist of a sales commission equal to of selling price and shipping costs equal to of cost The normal profit is
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?
Note: Do not round intermediate calculations. Round final answers to decimal places.
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