Forester Company has five products in its inventory. Information about the December 31, 2021, inventory follows.

Product		Quantity		Unit Cost				Unit Replacement Cost				Unit Selling Price
A		800		$	13			$	15			$	19
B		600			18				14				21
C		500			6				5				11
D		900			10				7				9
E		600			17				15				16

The cost to sell for each product consists of a 20 percent sales commission. The normal profit for each product is 30 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.

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	Cost	Inventory carrying value
A (800)	$12,000
B (600)	8,400
C (500)	2,500
D (900)	6,300
E (600)	9,000
Total				$0	$0	$0