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 800 $13 $ 15 $ 19 B 600 18 14 21 500 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. Answer is not complete. 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 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 $ A (800) B (600) C (500) D (900) E (600) 2 $ 2x 2X 2x 7 2 s 3 X 4 X 5 X 8 X 2 s 8 x 10 X 12 X 9X $ 2 X S 7X 8 X 9X 7X 33 S Inventory carrying value 2% $ 2x 7% 8% 5 9X 6 X 20 X 8 20 28 $ 59 Total