Almaden hardware store sells two product categories, tools and paint products. information pertaining to its 2021 year-end inventory is as follows:
inventory, by quantity per unit cost net realizable value
product category
tools:
hammers 100 $ 4.50 $ 5.00
saws 150 9.50 8.50
screwdrivers 250 1.50 2.10
paint products:
1-gallon cans 450 5.50 4.50
paint brushes 100 3.50 4.00
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.

Acompany has two products: standard and deluxe. the company expects to produce 36,375 standard units and 62,240 deluxe units. it uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools.budgeted activity of cost driver activity cost pool budgeted cost standard deluxe activity 1 $ 93,000 2,500 5,250 activity 2 $ 92,000 4,500 5,500 activity 3 $ 87,000 3,000 2,800 what is the overhead cost per unit for the standard units? what is the overhead cost per unit for the deluxe units? (round activity rate and cost per unit answers to 2 decimal places.)activity expected costs expected activity driver activity rate1 93,000 2 92,000 3 87,000 standard activity activity driver activity rate allocated costs1 2 3