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	Units	Per Unit
		Cost	Market
Office productivity	8	$ 81	$ 79
Desktop publishing	7	108	105
Accounting	8	95	101

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 B Selected accounts and balances for the three months ended March 31, 2022, for Business Solutions follow.

Beginning inventory, January 1	$ 0
Cost of goods sold	48,690
Ending inventory, March 31	2,164

Compute inventory turnover and days sales in inventory for the three months ended March 31, 2022.

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? Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2022. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Inventory Turnover } \\ \hline Choose Numerator: & 1 & Choose Denominator: & = & \multicolumn{2}{|c|}{ Inventory Turnover } \\ \hline & 1 & & = & \multicolumn{2}{|c|}{ Inventory Turnover } \\ \hline & 1 & & = & & \\ \hline & & & & \\ \hline Choose Numerator: & 1 & Choose Denominator: & = & \multicolumn{2}{|c|}{ Ratio } \\ \hline & 1 & & = & & \\ \hline & 1 & & & days \\ \hline \end{tabular}