Saved Help Save & Exit Submi Check my work Problem 9-2 (Algo) Lower of cost or net realizable value; by product, category, and total inventory LLOy- 1] Almaden Hardware Store sells two product categories, tools and paint products. Information pertaining to its 2021 year-end inventory is as follows: Net Inventory , Per Unit Realizable Book by Product Category Quantity Cost Value Tools: erences Hammers 120 $4.90 $5.40 Saws 190 9.90 8.90 Screwdrivers 290 1.90 2.50 Paint products : 1-gallon cans 490 5.90 4.90 Paint brushes 120 3.90 4.40 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 1 Required 2 Mc