Anthony's average days in inventory is: A. 170.56 days. B. 114.75 days C. 132.25 days. D. 151.75 days. Use the following information to work the first two problems. If This Corporation reports inventory at the lower of cost or market in total, what would be the needed adjusting entry? a. increase assets and decrease cost of goods sold by $10. b. reduce assets and increase cost of goods sold by $10. c. reduce assets and liabilities by $0. d. reduce assets and increase cost of goods sold by $32.50. If That Corporation reports inventory at the lower of cost or market on an item by item basis. The necessary adjustment would be? a. increase assets and cost of goods sold by $32.50. b. decrease assets and liabilities by $32.50. c. decrease assets and cost of goods sold by $32.50. d. decrease assets and increase cost of goods sold by $32.50