Almaden Hardware Store sells two product categories, tools and paint products, information pertaining to its 2021 year-end inventory is as follows: Het Realizable Value Per Unit Cost Quantity Inventory by Product Category Tools: Hammers Savs Screwdrivers Paint products: 1-gallon cans Paint brushes 100 200 300 $5.00 10.00 2.00 $5.50 9.00 2.60 500 100 6.00 4.00 5.00 4.50 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 requirement 1