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 8 7 B Per Unit Cost Market $ 83 $ 85 112 105 102 110 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 $ @ 35,247 2,274 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 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 Annlind Prev 1 of 1 Next Questo Laved Help Savet Ch5 Serial Problem Ending Inventory, March 31 2,274 1 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 8 Shopped 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? eBook Units Print 8 Inventory tam Office productivity Desktop publishing Accounting Totais BUSINESS SOLUTIONS Per Unit LCM Applied Cost Market Total Cost Total Market To Items $ 83 $ 85 110 112 105 102 $ 0 $ 0$ 0 7 8 erences Lower of cost or market rule to each product in inventory Rey must adjust the reported inventory value Part B > 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 8 Compute Inventory turnover and days' sales in Inventory for the three months ended March 31, 2020, Inventory Turnover Choose Denominator: Choose Numerator: Inventory Turnover Inventory Turnover 0 Days' Sales In Inventory Choose Denominator: Ratio Choose Numerator: o days