I got some of the answers wrong in part A, but I'm not sure how to log part B in a general journal log. The general journal needs for individual products, product categories, and total inventory.

Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2021 year-end inventory is as follows: Per Unit Cost Net Realizable Value Quantity Inventory, by Product Category Tools: Hammers Saws Screwdrivers Paint products: 1-gallon cans Paint brushes 120 258 350 $ 5.50 10.50 2.50 $6.00 9.5e 3.10 550 120 6.50 4.50 5.50 5.ee 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 (c) 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 requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 (c) total inventory. Lower of cost and NRV Product Categories Net Realizable By Individual Value Products By Total Inventory Cost Product Tools $ 8 $ Hammers Saws Screwdrivers 8s 10 11 880 2.375 875 3 3 $ 20 19 $ 4,160 $ 7 $ 6 Total tools Paint products: 1-gallon cans Paint brushes Total paint Total 3,025 540 5 5 s 12 s 11 3,625 7.785 $ 32 30 $ 7,475 s 7.805 Required Required 2 > Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2021 year-end inventory is as follows: Net Inventory, Per Unit Realizable by Product Category Quantity Cost Value Tools: Hammers 129 $ 5.50 $6.00 Saws 250 10.se 9.5e Screwdrivers 350 2.se 3.10 Paint products: 1-gallon cans 550 6.50 5.50 Paint brushes 128 4.5e 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 (c) 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 requirement 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming inventory write-downs are common for Almaden, record any necessary year-end adjustment amount for each of the LCNRV applications in requirement 1. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record necessary year-end adjustment for individual products. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 explanation Record entry Clear entry View general journal