Forester company has five products in its inventory. information about the december 31, 2018, inventory follows. product quantity unit cost unit replacement cost unit selling price a 500 $ 15 $ 17 $ 21 b 600 20 16 23 c 600 8 7 13 d 800 12 9 11 e 500 19 17 18 the cost to sell for each product consists of a 10 percent sales commission. the normal profit percentage for each product is 25 percent of the selling price. 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.