Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2021 year-end Inventory is as follows: Net Realizabi Value Per Unit Cost Quantity 56.00 Inventory by Product Category Tools: Hanners Saws Screwdrivers Paint products: 1-gallon cans Paint brushes 120 250 350 3 5.50 10.50 1.10 550 120 6.50 4.50 5.50 5.00 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 (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 Complete this question by entering your answers in the tabs below. Required t Required 2 Determine the carrying value of inventory at year-end, assuming the lower of cost or not realizable vale (LCNRV) le is applied to (a) individual products. (b) product categories, and (c) total inventory Lower of cost and NRV Net Realizable By Individual Value Products By Product Categories By Total Inventory Cost Product Tools Hammer Soras Screwdrivers Total tools Paint products 1-alion cans Paintbrushes Total paint Total Required 2 >