erial Problem -5 0 Saved 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 marketules, Business Solutions has three different types of software in its inventory, and the following information is available for each 100 points Book Inventory Items Office productivity Desktop publishing Accounting Units 5 4 5 Per Unit Coat Market $ 80 $ 82 106 109 102 99 Pred References Required: 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? Part 8 Selected accounts and balances for the three months ended March 31, 2020, for Business Solutions follow. teginning inventory, January 1 Cont of goods sold Ending Inventory, March 31 22,670 Computo 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. Mc GES Pony 1 of 1 # NA Complete this question by entering your answers in the tabs below. Part A Part B 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? BUSINESS SOLUTIONS Per Unit LCM Applied Inventory Items Units Cost Market Total Cost Total Market To Items Office productivity 5 $ 80 $ 82 Desktop publishing 4 106 109 Accounting 5 102 99 Totals 5 Lower of cost or market rule to each product in inventory Rey must adjust the reported inventory value Fant Part B > Complete this question by entering your answers in the tabs below. Part A Part B Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2020. Inventory Turnover Choose Numerator: Choose Denominator Inventory Turnover Inventory Turnover Days' Sales in Inventory Choose Denominator: Choose Numerator: Ratio days Complete this question by entering your answers in the tabs below. Part A Part B Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2020. Inventory Turnover Choose Numerator: Choose Denominator Inventory Turnover Inventory Turnover Days' Sales in Inventory Choose Denominator: Choose Numerator: Ratio days