Exercise 9-6 Bramble Company uses the LCNR Estimated selling price Cost Estimated selling costs Normal profit method on an individual tem basis, n pricing its inventory items. The inventory at December 31 2017 included pro ct Re evant per unit data or product X areas s 551 42 There were 920 units of product X on hand at December 31, 2017. Product X was incorrectly valued at $41 per unit for reporting purposes. All 920 units were sold in 2018. Compute the effect of this error on net income for 2017 and the effect on net income for 2018, and indicate the direction of the misstatement for each year. Net income for 2017 Net income for 2018