Help Save Brief Exercise 9-4 Lower of cost or market [LO9-1 SLR Corporation has 2,000 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows: Cost $64 62 84 20 24 $4 Selling price Selling costs Normal profit margin 50 Determine the balance sheet 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 balance sheet carrying value of SLR's inventory assuming that the lower of cost or market (LCM) rule is applied to individual products. Unit Cost 2,000 2,000 Per Unit Cost or Product Cost Market Inventory Value $ 64 80,000 48 Cost Next>