SLR Corporation has 2,400 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 $ 78 Cost Selling price Costs to sell Product 2 $ 48 50 4 140 10 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 realizable value (LCNRV) rule is applied to individual products. Product Cost NRV Per Unit Inventory Value Unit Cost Lower of Cost or NRV 1 2,400 2 2,400 Cost Inventory value Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the before-tax income effect of the LCNRV adjustment? Before-tax income effect