when answering PLEASE PLEASE PLEASE explain how you cam up with your answers so i can understand what is going on

Required information [The following information applies to the questions displayed below.) A home improvement store, like Lowe's, carries the following items: Inventory Items Hammers Saws Screwdrivers Drills 1-gallon paint cans Paintbrushes Quantity 120 40 120 30 150 170 Unit Cost $ 6.30 9.30 1.30 24.30 4.80 5.30 Unit NRV $ 6.80 8.30 1.90 20.60 4.30 5.80 Required: 1. Compute the total cost of inventory. Answer is complete but not entirely correct. Total cost $ 3,408 Required information [The following information applies to the questions displayed below.] A home improvement store, like Lowe's, carries the following items: Inventory Items Hammers Saws Screwdrivers Drills 1-gallon paint cans Paintbrushes Quantity 120 40 120 30 150 170 Unit Cost $ 6.30 9.30 1.30 24.30 4.80 5.30 Unit NRV $ 6.80 8.30 1.90 20.60 4.30 5.80 2. Determine whether each inventory item would be reported at cost or net realizable value, and then place that unit amount in the "Lower of Cost and NRV per unit" column. Multiply the quantity of each inventory item by the appropriate cost or NRV unit amount and place the total in the Total column. (Round "Cost per Unit" to decimal places.) Inventory Items Lower of Cost Cost or NRV and NRV per unit Total Hammers Saws Screwdrivers Drills 1-gallon paint cans Paint brushes Total $ A home improvement store, like Lowe's, carries the following items: Inventory Items Hammers Saws Screwdrivers Drills 1-gallon paint cans Paintbrushes Quantity 120 40 120 30 150 170 Unit Cost $ 6.30 9.30 1.30 24.30 4.80 5.30 Unit NRV $ 6.80 8.30 1.90 20.60 4.30 5.80 3. Prepare necessary entry to write down inventory from cost to net realizable value. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the adjustment for inventory. Note: Enter debits before credits. General Journal Debit Credit Transaction 1