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BE 94 Lower of cost or market @ 1091 [This is a variation of CBE 9-2, modified to focus on the lower of cost or market.] SLR Corporation has 1,000 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows: Product 1 Product 2 $50 Cost Replacement cost Selling price Selling costs Normal profit 48 70 $34 26 36 6 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