1 1 Part A Santana Rey of Business Solutions is evaluating her inventory to determine whether it must be adjusted based on lower of cost or market rules. Business Solutions has three different types of software in its inventory, and the following information is available for each. 11 points Units cost Inventory Items office productivity Desktop publishing Accounting Per Unit Market $ 80 $ 78 107 104 94 100 7 eBook Required: Conpute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to each product in invettory. Must Rey adjust the reported inventory value? Print Part 8 Selected accounts and balances for the three months ended March 31, 2020, for Business Solutions follow. References Beginning inventory, January 1 Cost of goods sold Ending inventory, March 31 $ 0 40,920 1,860 Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2020. Complete this question by entering your answers in the tabs below. Part A Part 8 Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to each product in Inventory. Must Rey adjust the reported Inventory value? LCM Applied To Items Inventory Items Office productivity onliton nulihinn Total Market BUSINESS SOLUTIONS Per Unit Cost Market Total Cost $ 80 $ 78 107 104 Units 7 inventory. Must Rey adjust the reported inventory value? 1 Part 8 Selected accounts and balances for the three months ended March 31, 2020, for Business Solutions follow. 11 points Beginning inventory, January 1 Cost of goods sold Ending inventory, March 31 $ 0 40,920 1,860 Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2020. e look Complete this question by entering your answers in the tabs below. Print Part A Part B References Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to each product in Inventory. Must Rey adjust the reported inventory value? LCM Applied To Items Total Market Units 7 Inventory Items Office productivity Desktop publishing Accounting Totals BUSINESS SOLUTIONS Per Unit Cost Market Total Cost $ 80 $ 78 107 104 94 100 6 7 Lower of cost or market rule to each product in inventory Rey must adjust the reported inventory value KI Part B > inventory. Must Rey adjust the reported Inventory value? 1 1 Part B Selected accounts and balances for the three months ended March 31, 2020, for Business Solutions follow. 11 points Beginning inventory, January 1 cost of goods sold Ending inventory, March 31 $ 0 40,920 1,860 Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2020. eBook Complete this question by entering your answers in the tabs below. Print Part A PITB References Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2020. Inventory Turnover Choose Denominator: Choose Numerator: Inventory Turnover Inventory Tumover = 1 1 Days Sales In Inventory Choose Denominator Ratio Choose Numerator: days