Part A antana 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 ach. Inventory Items Office productivity Desktop publishing Accounting Units 8 7 8 Per Unit Cost Market $ 83 $ 85 110 112 105 102 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 nventory. Must Rey adjust the reported inventory value? Part B Selected accounts and balances for the three months ended March 31, 2020, for Business Solutions follow. Beginning Inventory, January 1 Cost of goods sold Ending inventory, March 31 $ 0 35,247 2,274 Compute inventory turnover and days' sales in inventory for the three mchts ended March 31, 2020, Complete this question by entering your answers in the tabs below. Part A Part B ha 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 product in inventory. Must Rey adjust the reported inventory value? Units BUSINESS SOLUTIONS Per Unit Cost Market Total Cost 83 $ 85 110 112 105 102 LCM Applied To Items Total Market Inventory Items Office productivity Desktop publishing Accounting Totals 8 7 8 Lower of cost or market rule to each product in inventory Rey must adjust the reported inventory value Pan A 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. Choose Numerator: Inventory Turnover Choose Denominator: 1 Inventory Turnover Inventory Turnover 1 Choose Numerator: Days' Sales In Inventory Choose Denominator: Ratio 1 days