SLR Corporation has 900 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 $67 65 87 23 27 Product 2 $51 43 53 6 10 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 Cost Lower of Cost or Market s 58,500 38,700 Per Unit Cost Market Inventory Unit Value $ 67 S 65 XS 65 X 900 51 43 43900 Cost Inventory value 1 2 60,300 45,900 106,200 S 97,200 Doquired 2