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 Inventory Items office productivity Desktop publishing Accounting Units 3 2 Per Unit Cost Market $78 $80 105 107 100 92 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. Beginning inventory, January 1 Cost of goods sold Ending Inventory, March 31 5 23,350 742 Compute 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. Part A Part Ina Ravani thalwar fons market in ta nach 1 LITY HUVU Y TO HIM, UM Complete this question by entering your answers in the tabs below. 100 points Part A Part Compute the lowerod cost or market for ending inventory assuming Rey applies the lower of cost or market rule to each product in Inventory. Must Ray adjust the reported inventory value LCM Applied To free To Mart wentory letts Office productivity Desktop publishing Accounting Totals BUSINESS SOLUTIONS Per Cost Marel Total Cost 5 70 S 00 100 107 100 97 3 2 3 M Lower of cost or market rule to each products or Raymunstadjust the reported inventory value Part > MA Bet Search for anything o E Problem -5 0 Saved 1 Lumpule ve Uly Lumove ahu uays Sdies I VELUI TUI ule uwee THUIS trueu Na SI, ZUZU. Complete this question by entering your answers in the tabs below. Part A Part B Book Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2020. Srini Inventory Turnover Choose Denominator Choose Numerator: wrences Inventory Tumover Inventory Turnover Days Sales in Inventory Choose Denominator: Choose Numerator: Ratio days