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 avallable for each 1400 Inventory Itens office productivity Desktop publishing Accounting Units 6 5 G Per Unit Cost Market $ 79 $ 77 106 103 93 99 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 $ 33,583 1,562 Computo inventory turnover and clays sales in inventory for the three months ended March 31, 2020 Complete this question by entering your answers in the tabs below. Part 1 Part 8 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? LCM Applied To Items Units Total Market Inventory Items Omice productivity Desktop publishing Accounting Tolais BUSINESS SOLUTIONS Per Unit Cost Market Total Cost 5 79 s 77 106 103 93 99 5 6 Lower of cost or market rule to each product in inventory Rey must adjust the reported inventory value