The only way I figure the 65 could be wrong is because when I calculated the Floor and Ceiling values the ceiling was less than Replacement cost so it may need an adjustment but I'm not sure how to go about that or why it came out like this.

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: 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Determine the carrying value of SLR's inventory assuming that the lower of cost or market (LCM) rule is applied to individual products