Almaden Hardware Store sells two distinct types of products, tools and paint products. Information pertaining to its 2016 year-end inventory is as follows: Net Realizable Value nventory Per Unit by Product Type Quantity Cost Tools 5.40 $%5.90 Hammers Saws Screwdrivers340 110 240 10.40 2.40 9.40 3.00 Paint products: 1-gallon cans Paint brushes 540 110 6.40 4.40 5.40 4.90 Required: 1. Determine the book value of inventory at year-end, assuming the lower of cost and net realizable value rule is applied to (a) individual products, (b) product type, and (c) total inventory Lower of cost and NRV By Product Type Net By Realizable Individual By Total Inventory Product Cost Value Products Tools: Hammers Saws Screwdrivers Total tools Paint products: 1-gallon cans Paint brushes Total paint Total