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What unit value should Royal Decking use

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Question - The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows:

 

Per Unit Product Cost

Selling Price

A

$160

$180

B

200

220

C

110

200

D

120

200

E

80

100

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?

Reference no: EM133042612

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