Sagar 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 asfollows:CostReplacement cost.Selling priceSelling costsNormal profitProduct123$CostProduct 1$ 22204287Required:What unit values should Han use for each of its products when applying the lower of cost or market (LCM) rule to ending inventory?22 $9252ReplacementcostProduct 2$ 92871224432208742Product 3$ 524277NRVGRES1114NRV minus NP MarketPer UnitInventoryValue

Name: Sagar Han Company has three products in its ending inventory. Specific
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Sagar 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 asfollows:CostReplacement cost.Selling priceSelling costsNormal profitProduct123$CostProduct 1$ 22204287Required:

As per IFRS/IAS 2 Inventory valuation-Inventory is to be valued at lower of cost or net realizable…

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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: Cost Replacement cost. Selling price Selling costs Normal profit Product 1 2 3 $ Cost Product 1 $ 22 20 42 8 7 Replacement cost 22 $ 92 52 Required: What unit values should Han use for each of its products when applying the lower of cost or market (LCM) rule to ending inventory? Product 2 $ 92 20 87 42 87 122 44 32 Product 3 $ 52 42 77 NRV GRES 11 14 NRV minus NP Market Per Unit Inventory Value