Please help with the incomplete tasks.

Forester Company has five products in its inventory. Information about the December 31, 2021, inventory follows. Product A B Quantity 600 1,000 600 600 Unit Cost $ 12 17 5 9 16 Unit Replacement Cost $14 13 4 6 14 Unit Selling Price $18 20 10 8 15 C D E 600 The cost to sell for each product consists of a 10 percent sales commission. The normal profit for each product is 25 percent of the selling price. Required: 1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or market (LCM) rule is applied to individual products. Required: 1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or market (LCM) rule is applied to individual products. 2. Determine the carrying value of inventory at December 31, 2021, assuming the LCM rule is applied to the entire inventory. 3. Assuming inventory write-downs are common for Forester, record any necessary year-end adjusting entry based on the amount calculated in requirement 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 1 Required 2 Required 3 Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or market (LCM) rule is applied to individual products. (Do not round intermediate calculations.) Product (units) RC NRV NRV-NP Market $ $ 9,720 $ $ 8,400 13,000 A (600) B (1000) C (600) D (600) E (600) 8,400 13,000 2,400 3,600 8,4001 18,000 5,400 4,320 8,100 Inventory Cost carrying value 7,200 $ 7,200 17,000 13,000 3,000 3,000 5,400 3,600 9,600 8,100 42,200 $ 34,900 3,600 8,100 33,100 $ Total $ Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the carrying value of inventory at December 31, 2021, assuming the LCM rule is applied to the entire inventory. (Do not round intermediate calculations.) Inventory carrying value Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assuming inventory write-downs are common for Forester, record any necessary year-end adjusting entry based on the amount calculated in requirement 2. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No jou entry required" in the first account field.) View transaction list View journal entry worksheet x No Transaction General Journal Debit Credit 1 1 Cost of goods sold Inventory