Home Stop sells two product categories, furniture and accessories. Information pertaining to its 2021 year-end inventory is as follows: Per Unit Cost Quantity Market Inventory by Product Category Furnitures Chairs Desks Tables Accessories Rugs LAGOS 60 60 $39 87 98 $ 45 72 106 74 16 62 32 Required: 1. Determine the carrying value of Inventory at year-end, assuming the lower of cost or market (LCM) rule is applied to (a) Individual products, product categories, and (c) total inventory. 2. Assuming inventory write downs are common for Home Stop, record any necessary year-end adjustment amount for each of the LCM applications in requirement1 Complete this question by entering your answers in the tabs below. Required Required Determine the carrying value of inventory at year-end, assuming the lower of cost or market (LCM) rule is applied to (a) individual products, (b) product categories, and (c) total inventory. Product Cost Lower of cost or market By 1 By Individual Product By Total Products Categories Inventory Market Furniture $ Chairs Desks Tables Total furniture Accessories: Rugs Lamps 600 $ 397 $ 45 600 87172 501901106 170 $ 224 $ 37910 Total 20 80 250 accessories S 110 334 3 Required 7.520 317 5 45430 Required 2 >