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SLR Corporation has 1,700 units of each of its two products in its year-end inventory....

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Accounting

SLR Corporation has 1,700 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 products.
What is the before-tax income effect of the LCM adjustment?
Complete this question by entering your answers in the tabs below.
What is the before-tax income effect of the LCM adjustment?
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