Check my work Forester Company has five products in its inventory. Information about the December 31, 2018, inventory follows. UnitUnit CostPrice Unit Replacement Selling Quantity Cost $ 30 35 23 27 34 A. 600 1,000 900 800 700 $32 31 $36 38 28 26 24 32 The cost to sell for each product consists of a 10 percent sales commission. The normal profit pe percent of the selling price rcentage for each product is 25 Required: 1. Determine the carrying value of inventory at December 31, 2018, assuming the lower of cost or market (LCM) rule is applied to individual products 2a. 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 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Assuming the inventory write-downs are usual business practice for Forester, record any necessary year-end adjusting entry. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet