7 Part A Santana Rey of Business Solutions is evaluating her inventory to dete market rules. Business Solutions has three different types of software each. nts Inventory Items Office productivity Desktop publishing Accounting Units 8 7 8 Per Unit Cost Market $ 76 $ 78 102 105 98 95 eBook Print @ Required: Compute the lower of cost or market for ending inventory assuming R inventory. Must Rey adjust the reported inventory value? Part B Selected accounts and balances for the three months ended March 31 Terences Beginning inventory, January 1 Cost of goods sold Ending inventory, March 31 $ 0 40,014 2,106 Compute inventory turnover and days' sales in inventory for the three Complete this question by entering your answers in the tabs belc Part A Part B Compute the lower of cost or market for ending inventory assuming Rey a inventory. Must Rey adjust the reported inventory value? BUSINESS SOL es the lower of cost or market rule to each produ LCM Applied To Items st Total Market 608 $ 624 714 735 784 760 2,106 $ 2,119 $ O Yes rt B > 98 Inventor office productivity Desktop publishing Accounting Required: Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market Inventory, Must Rey adjust the reported Inventory value? Part 8 Selected accounts and balances for the three months ended March 31, 2021, for Business Solutions follow, $ 0 40,014 2. 106 Deginning inventory, January 1 Cost of goods sold Ending inventory, March 31 Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2021. Complete this question by entering your answers in the tabs below. Part B Part A Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market Inventory. Must Rey adjust the reported inventory value? Units 8 7 Inventory Items Office productivity Desktop publishing Accounting Totals BUSINESS SOLUTIONS Per Unit LCM Appel Cost Market Total Cost Total Market To Item $ 76 5 787 $ 608 $ 624 102 105 714 735 98 95 784 760 $ 2.106 $ 2,119 $ 8 Yes Lower of cost or market for inventory applied separately to each product Rey must adjust the reported inventory value Part B > market rules. Business Solutions has three different types of software in its inventory, and the following information each Inventory Items Office productivity Desktop publishing Accounting Unite 8 7 8 Per Unit Cont Market $ 76 $ 78 102 105 98 95 Required: Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to e inventory Must Rey adjust the reported inventory value? Part 8 Selected accounts and balances for the three months ended March 31, 2021, for Business Solutions follow. Deginning inventory. January 15 Cost of goods sold 40,014 Ending Inventory, March 31 2,105 Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2021. 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 pra Inventory. Must Rey adjust the reported Inventory value? Inventory Items Office productivity Desktop publishing Accounting Totals Units 8 7 8 BUSINESS SOLUTIONS Per Unit LCM Applied Cost Market Total Cost Total Market To Items $ 75$ 785 508 5 626 102 714 735 98 95 784 760 $ 2106 $ 21195 105 Lower of cost or market for inventory applied separately to each product Rey must adjust the reported inventory value Yes Part >