Home Stop sells two product categories, furniture and accessories. Information pertaining to its year-end inventory is as follows: Inventory, by Product Category Quantity {:[" Per Unit "],[" Cost "]:} Market Furniture: 50 quad Chairs 10 25 $31 Desks 20 73 58 quad Tables 84 92 Accessories: 40 60 48 quad Rugs 30 22 18 quad Lamps 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. Assuming inventory write-downs are common for Home Stop, record any necessary year-end adjusting entry for each of the LCM applications in requirement 1. Complete this question by entering your answers in the tabs