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: Cost Replacement cost Selling price Selling costs Normal profit Product 1 Product 2 $65 $49 63 41 85 51 21 25 59 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?

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: 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