Forester Company has five products in fts inventory. Information about the December 31. 2018. inventory follows. applied Qu a icy unit 2S selling The cost to sell for each product consists of a 10 percent sales commission. The normal profit percentage for each product 3S percent of the selling price. Regulred: I. Determine the carrying value of inventory at December 31. 2018. assuming the lower of cost or market (LCM) rule is applied to individual products. 2'. Determine the carrying value of inventory at December 31. 2018. assuming the LCM rule is applied to the entire inventory. 2b. Assuming inventory write-downs are usual business practice for Forester. record any necessary year-end adjusting entry. this by a n tabs ne the value of at 31, 2018, to it-dividual products. intemnediate s (g,oc,) c (500) (700) Tots ng of (LCM) Req 2A