SLR Corporation has 1,400 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 $62 $46 60 Cost Replacement cost Selling price Selling costs Normal profit 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? Answer is not complete. 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. Per Unit Lower of Product Cost Market Inventory Unit Cost Cost or Value Market 1.400 1.400 53,200 Costs 53,200 OS 10 Required 2 > Prey 4 of SLR Corporation has 1,400 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 2 562 Cost Replacement cost Selling price Selling costs Normal profit Determine the carrying value of SLR's Inventory assuming that the lower of cost or market (LCM) rule is applied to individual product What is the before-tax Income effect of the LCM adjustment? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 2 Required 2 What is the before-tax income effect of the LCM adjustment? Before-tax income effect lower by O .