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: Cost Replacement cost Selling price Selling costs Normal profit Product 1 $55 53 75 11 15 Product 2 $39 31 41 9 13 Book Determine the carrying value of SLR's Inventory assuming that the lower of cost or market (LCM) rule is applied to individual produ What is the before-tax income effect of the LCM adjustment? Tint Complete this question by entering your answers in the tabs below. erences Required 1 Required 2 Determine the carrying value of Sur'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 1,400 1,400 Cost $ Inventory value 43,400 0 s 43,400 Required Required 2 > SLR Corporation has 1400 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 Product 1 Product 2 $55 $39 53 31 75 41 11 9 15 13 x 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? Complete this question by entering your answers in the tabs below. Required: Required 2 What is the before-tax income effect of the LCM adjustment? Before tax income effect Required 1 Required)