SLR Corporation has 2,000 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 Cost $64 Replacement cost 62 40 Selling price 84 50 Selling costs 20 4 Normal profit 24 8 $45 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 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. Product Market Cost Lower of Cost or Market 1 Cost S 84 48 Per Unit Inventory Value Unit 2,000 2,000 Cost $ Inventory value 2 80,000 0 $ 80,000 Required 1 Required 2 > 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 effect