Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2021 year-end inventory is as follows: Net Inventory, by Product Category Per Unit Cost Realizable Quantity Value Tools: $ 5.00 Hammers 100 $5.50 200 Saws 10.00 9.00 Screwdrivers 300 2.00 2.60 Paint products: 500 6.00 1-gallon cans 5.00 100 Paint brushes 4.00 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 adjusting entry for each of the LCNRV applications in requirement 1