Home Stop sells two product categories, furniture and accessories. Information pertaining to its year-end inventory is Required: 1. Determine the carrying value of inventory at year-end, assuming the lower of cost or market (LCM) rule is applle products, (b) product categories, and (c) total inventory. 2. Assuming inventory write-downs are common for Home Stop, record any necessary year-end adjusting entry fo applications in requirement 1. Complete this question by entering your answers in the tabs below. Assuming inventory write-downs are common for Home Stop, record any necessary year-end adjusting entry for each of applications in requirement 1. Journal entry worksheet Record the year-end adjustment for inventory assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. Note: Enter debits before credits