Almaden Hardware Store sells two product categories, tools and paint products. Information pertalning to its 2018 year-end Inventory Is as follows: Net Realizable Value Inventory, by Product Category Tools: Per Unit Quantity Cost 110 5.40 240 340 $ 5.90 9. 40 3.00 Hammers Savs Screwdrivers 10.40 2.40 Paint products: 540 5.40 4.90 1-gallon cans Paint brushes 4.40 110 Required 1. Determine the carrying value of Inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule Is applied to (a) IndlvMdual products, (b) product categorles, and (c) total Inventory 2. Assuming that the company reports an Inventory write-down as a line Item In the Income statement, for each of the LCNRV applications determine the amount of the losS. Complete this question by entering your answers in the tabs below Required Required 2 Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory Lower of cost and NRV Net Realizable Value By Total Individual Product Product Cost Products Type Invento Tools: Saws Total tools Paint products 1-gallon cans Paint brushes Total paint Total Required2 > C Required 1 Complete this question by entering your answers in the tabs below Required 1Required 2 Assuming that the company reports an inventory write-down as a line item in the income statement, for each of the LCNRV applications determine the amount of the loss. (a) Individual products (b) Product categories (c) Total inventory Required 2 > Required 1