Check 19 WUIK 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. Units 7 eBook Inventory Items Office productivity Desktop publishing Accounting Per Unit Cost Market $ 75 $ 77 101 104 97 94 Print 7 erences Required: 1. & 2. Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to inventory as a whole and and lower of cost or market rule to each product in inventory. Must Rey adjust the reported inventory value? Part B Selected accounts and balances for the three months ended March 31, 2018, for Business Solutions follow. January 1 beginning inventory Cost of goods sold March 31 ending inventory $ 0 35,295 1,810 Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2018. Complete this questions by entering your answers in the below tabs. Complete this questions by entering your answers in the below tabs. Part A Part B 1. & 2. Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to inventory as a whole and lower of cost or market rule to each product in inventory. Must Rey adjust the reported inventory value? pok int ences LCM Applied To Items Total Market Inventory Items Office productivity Desktop publishing Accounting Totals Units 7 6 BUSINESS SOLUTIONS Per Unit Cost Market Total Cost $ 75 $ 77 101 104 94 Lower of cost or market rule to inventory as a whole Rey must adjust the reported inventory value Lower of cost or market rule to each product in inventory Rey must adjust the reported inventory value Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2018. Complete this questions by entering your answers in the below tabs. points Part A Part B eBook Print Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2018. References Inventory Turnover 1 Choose Denominator: Choose Numerator: = Inventory Turnover Inventory Turnover Days' Sales in Inventory 1 Choose Denominator: Choose Numerator: = Ratio days