SLR Corporation has 500 units of each of its two products in its year-end inventory. Per unit data for each of the products are as follows: Product Product Cost Replacement cout Selling price Belling costa Normal profit $53 51 73 9 13 $37 29 39 7 11 Determine the carrying value of SR'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 Sur's inventory assuming that the lower of cost or market (LCM) rule is applied to individual products Product Cost Market Per Unit Inventory Value Unit Cost Lowar af Cost or Market 500 1 2 500 14,500 Cost Inventory value Required 2 > SLR Corporation has 500 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 cout Selling price Selling costs Normal profit Product 1 Product 2 55) $37 51 29 73 39 9 7 13 11 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 What is the before tax income effect of the LCM adjustment? Before become atted