1200 units

apter 9 Homework Product 1 Product 2 $69 67 89 Cost Replacement cost Selling price Selling costs Normal profit $53 29 Determine the carrying value of SLR's inventory assuming that the lower of cost or market (LCM) rule is applied to individual products. What is the before-tax income effect of the LCM adjustment? cBook Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Merences Determine the carrying value of SLR's inventory assuming that the lower of cost or market (LCM) rule is applied to individual products. Product Cost Market Unit Cost Lower of Cost or Market Per Unit Inventory Value 1,200 45 1,200 Cost $ Inventory value 53 45 54,000 63,600 63,600 54.000 Required 2 > er 9 Homework Product 1 Product $69 $53 Cost Replacement cost Selling price Selling costs Normal profit 89 25 Determine the carrying value of SLR's inventory assuming that the lower of cost or market (LCM) rule is applied to individual products What is the before-tax income effect of the LCM adjustment? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the before-tax income effect of the LCM adjustment? Before tax income effect (Required 1