Almaden Hardware Store sells two product categories, tools and paint products Information pertaining to its 2021 year-end inventory is as follows: Quantity Per Unit Cost Realizable Value 120 Inventory, by Product Category Tools Hammers Saus Screwdrivers Paint products 1-llon cans Paint brushes 160 260 54.60 9.60 1.68 55.10 3.60 2.20 5.60 120 4.60 4.10 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) individual products. (b) product categories, and (c) total inventory 2. Assuming inventory write downs are common for Almaden, record any necessary year-end adjustment amount for each of the LCNRV applications in requirement1