SLR Corporation has $1,700$ units of each of its two products in its year$-$end inventory. Per unit data for each of the products are as

follows:

Determine the carrying value of SLR$\text{'}$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.

What is the before$-$tax income effect of the LCM adjustment?