Problem 9.2 (Algo) Lower of cost or net realizable value; by product, category, and total inventory [LO9. 1) Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2021 year-end inventory is as follows: Required: 1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value fLCNRV) rule is applied to (a) individual products. (b) product categories, and (c) total inventory 2. Assuming itventory wite-downs are common for Almaden, tecord 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. Complete this question by entering your answers in the tabs below. 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. Assuming inventory write-downs are common for Almaden, record any necessary year-end adjustment amount for ea applications in requirement 1. (Do not round intermediate calculations. If no entry is required for a transaction/event, entry required" in the first account field.) Journal entry worksheet Record necessary year-end adjustment for individual products. Note: Enter debits before credits. Journal entry worksheet Record necessary year-end adjustment for product categories. Note: Enter debits before credits. Journal entry worksheet Record necessary year-end adjustment for total inventory. Note: Enter debits before credits