5 Home Stop sells two product categories, furniture and accessories. Information pertaining to its 2021 year-end inventory is as follows Per Unit Cost Quantity 125 po Inventory by Product Category Furniture Chairs Desks Tables Accessories Rugs Las 545 93 104 Market 5.51 70 112 83% 83 ta 42 60 30 40 Required: 1. Determine the carrying value of nventory at year-end, assuming the lower of cost or market (LCM) rule is applied to (o) Individual products to product categories, and total inventory 2. Assuming inventory write-downs are common for Home Stop, record any necessary year end adjustment amount for each of the LCM coplications in requirement 5 products, product categories, and total inventory 2. Assuming inventory write downs are common for Home Stop, record any necessary year-end adjustment amount for each of the LCM applications in requirement 1 125 pos Complete this question by entering your answers in the tabs below. 5004 Required 1 Required 2 PE Determine the carrying value of inventory at year-end, assuming the lower of cost or market (LCM) rule is applied to (a) individual products, (b) product categories, and (c) total inventory. Lower of cost or market By Individual By Product By Total Products Categories Inventory Cost Market Product Furniture Chars Desks Tables Total furniture Accessones Rugs Lamot Total accessories Total 5 products, (o) product categories, and (c) total inventory 2. Assuming inventory write-downs are common for Home Stop, record any necessary year end adjustment amount for each of the LCM applications in requirement 1 125 points Complete this question by entering your answers in the tabs below. 46008 Required 1 Required) Assuming Inventory write-downs are common for Home Stop, record any necessary year-end adjustment amount for each of the LCM applications in requirement 1. a individual products (b) Product categories (c) Total inventory Required 1