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 sonware in its inventory and the following information is available for each Required: 1(a). Per Unit UnitsCo Market Inventory Items Office productivity 101 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. BUSINESS SOLUTIONS Per Unit Cost Market Total Cost Total Market Items Units Office productivity Desktop publishing6 $ 7577 104 91 101 97 Totals Lower of cost or market of inventory as a whole 1(b). Must Rey adjust the reported inventory value? O Yes O No 1(b). Must Rey adjust the reported inventory value? Yes No 2(a). Compute the lower of cost or market rule to each product in inventory BUSINESS SOLUTIONS Per Unit LCM Applied To Items Units Inventory Items Office productivity Desktop publishing Accounting Cost Market Total Cost Total Market $ 75 $ 77 104 91 101 97 Totals 2(b). Must Rey adjust the reported inventory value? O Yes 0 Part B Selected accounts and balances for the three months ended March 31, 2017, for Business Solutions follow. January 1 beginning inventory Cost of goods sold March 31 ending inventory 35,295 1,810 Required 1. Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2017. (Use 365 days a year. Do not round intermediate calculations.) Choose Numerator: Choose Denominator: Inventory Turnover Inventory Turnover Days' sales in inventory Choose NumeratorChoose Denominator Ratio