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Check my work 8 Problem 9-2 Lower of cost or net realizable value [LO9-1) .5 oints Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2018 year-end inventory is as follows: Net Per Unit Realizable Inventory eBook Print References Product Category Quantity Cost Value Toolst Hanners Savs Screwdrivers 110 210 310 5.10 2.10 6.10 10.10 $5.6 9.10 2.70 Paint products: 1-gallon cans Paint brushes 510 110 5.10 4.60 4.10 Required: 1. Determine the carrying value of inventory at year-end, assuming th (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 e applications determine the amount of the loss. e lower of cost or net realizable value (LCNRV) rule is applied to 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. ook Lower of cost and NRV By Product Type rint Net By RealizableIndividual By Total Product Cost Value Products Inventory Tools: Hammers Saws Total tools Paint products: 1-gallon cans Paint brushes Total paint Total Required 1 Required 2 Book Assuming that the company reports an inventory write-down as a line item in the income statement, for ea applications determine the amount of the loss. Print ferences (a) Individual products (b) Product categories (c) Total inventory Required 1 Required2