Inventory of Royal Decking Assignment – Top Universities
The inventory of Royal Decking consisted of five products. Information about December 31, 2018, inventory is as follows: Per Unit Selling Price $170 Product Cost $150 210 190 C 150 200 190 110 70 90 Costs to sell consist of a sales commission equal to 10% of selling price and shipping costs equal to 10% of the 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 Product Cost NRV Inventory Value A B C D E m olo.