Check my work Vi Forester Company has five products in Its inventory. Information about the December 31, 2021, inventory follows. Unit Unit Unit Replacement Selling Product Quantity Cost Cost Price A 900 $ 24 $26 $30 oints 500 29 25 32 600 17 16 22 1,000 21 18 20 900 28 26 27 eBook The cost to sell for each product consists of a 15 percent sales commission. The normal profit for each product is 25 percent of the selling price. Print 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. References 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