SLR Corporation has 1,800 units of each of its two products in its year-end inventory. Pe unit data for each of the products are as follows: Cost Selling price Costs to sell Product 1 $ 66 110 4 Product 2 $42 44 3 Determine the carrying value of SLR's inventory assuming that the lower of cost or net realizable value (LCNRV) rule is applied to individual products. What is the before-tax income effect of the LCNRV adjustment? 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 net real to individual products. Product Cost Cost Lower of Cost or NRV $ 118,800 70,200 Per Unit NRV Inventory Unit Value $ 62 % $ 661,800 $ 39 X 39 X 1,800 Cost $ Inventory value $ 66 42 118,800 7 5,600 194,400 $ 189,000