please help

Chapter 9 Problems Saved Help Save & Exit Submit Check my work Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018 year-end inventory is as follows: 11.11 points Per Unit Cost Net Realizable Value Quantity 8 01:15:03 Inventory, by Product Category Tools: Hammers Saws Screwdrivers Paint products: 1-gallon cans Paint brushes 120 160 260 $4.60 9.60 1.60 $5.10 8.60 2.20 Skipped 460 120 5.60 3.60 4.60 4.10 eBook Print 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 that the company reports an inventory write-down as a line item in the income statement, for each of the LCNRV applications determine the amount of the loss. References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assuming that the company reports an inventory write-down as a line item in the in applications determine the amount of the loss. (a) Individual products (b) Product categories (c) Total inventory