Question: Per Unit Cost Quantity Realizable Value 118 Inventory by Product Category Tools: Hammers Sows Screwdrivers Paint products: 1-gallon cans Paint brushes 210 310 $ 5.10

Per Unit Cost Quantity Realizable Value 118 Inventory by Product Category Tools: Hammers Sows Screwdrivers Paint products: 1-gallon cans Paint brushes 210 310 $ 5.10 10.10 2.10 $5.60 9.10 2.70 510 110 6.10 4.10 5.10 4.60 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 t Required 2 Determine the carrying value of Inventory at year-ana, assuming the lower of cost or not realizable value (CCNRV) rule is applied to (a) individual products, (b) product categories and total inventory Cowar oftand NRV Not Reality individual Value Products By Product Categories By Total Inventory Cost Product Too 3 Saws Serendivors Total tools Products Concent Paintbrushes Tos Requi 2 >

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