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 Product1 Product 2 Cost Replacement cost Selling price Selling costs Normal profit margin $68 $52 54 28 Determine the balance sheet 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 Required 2 Determine the balance sheet carrying value of SLR's inventory assuming that the lower of cost or market (LCM) rule is applied to individual products Product Cost Market Inventory Value Per Unit Cost or Market 900 900 39,600 Cost Inventory value S 39,600 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 Product1 Product 2 68 Cost Replacement cost Selling price Selling costs Normal profit margin 552 54 7 24 28 Determine the balance sheet 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-tax income effect