SLR Corporation has 1000 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows: Cost Replacement cost Selling price Selling costs Normal profit margin Product 1 $50 48 70 6 10 Product 2 $34 26 36 4 8 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. Product Cost Market Cost Lower of Cost or Market 1 2 Per Unit Unit Inventory Value 1,000 1 000 Cost Inventory value 28.000 SLR Corporation has 1000 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 $50 Cost Replacement cost Selling price Selling costs Normal profit margin Product 2 $34 26 36 4 8 554 79 6 10 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? 4 Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the before-tax income effect of the LCM adjustment? Before tax income offect