Cost Replacement cost Selling price Selling costs Normal profit Product 1 Product 2 $61 $45 59 37 81 47 17 9 21 13 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 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 Lower of Cost Cost or Market 1 2 600 600 22,200 Cost $ 0 Inventory value