JUST NEED PART 2

Home Stop sells two product categories, furniture and accessories. Information pertaining to its year-end inventory is as follows: Per Unit Cost (PUC) Inventory, by Product Category Furniture:

Chairs... Qu.: 50; PUC: $28; MAR: $34

Desks... Qu.: 80; PUC: $76; MAR: $61

Tables... Qu.: 70; PUC: 87; MAR: $95

Accessories:

Rugs... Qu.: 70; PUC: $63; MAR: $51

Lamps... Qu.: 30; PUC: $25; MAR: $21

Home Stop sells two product categories, furniture and accessories. Information pertaining to its year-end inventory is as follows: Required 2 Record the year-end adjustment for inventory assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. 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