2 SLR Corporation has 1,400 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows: 3 points Cost Replacement cost Selling price Selling costs Normal profit Product 1 $55 53 75 11 15 Product 2 $39 31 41 13 eBook D 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? Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 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 Per Unit Inventory Value Unit Cost Lower of Cost or Market 1,400 1 2 1,400 43,400 Cost Inventory value 2 SLR Corporation has 1,400 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows: 3 points Cost Replacement cost Selling price Selling costs Normal profit Product 1 $55 53 75 11 15 Product 2 $39 31 41 9 13 eBook 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? Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 What is the before-tax income effect of the LCM adjustment? Before-tax income effect