Home Stop sells two product categories, furniture and accessories. Information pertaining to its year-end inventory is as follows:

Inventory, by Product CategoryQuantityPer Unit CostMarketFurniture:Chairs50$ 31$ 37Desks207964Tables509098Accessories:Rugs206654Lamps702824

1. Record the year-end adjustment for inventory assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products
2. Record the year-end adjustment for inventory assuming the lower of cost or net realizable value (LCNRV) rule is applied to product categories
3. Record the year-end adjustment for inventory assuming the lower of cost or net realizable value (LCNRV) rule is applied to total inventory

Provide the journal entries please.