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, 2020, for Business Solutions follow Beginning inventory, January 1 Cost of goods sold Ending inventory, March 31 $ 38,850 2,590 Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2020, Part A Part B 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 Days' Sales In Inventory Choose Denominator: Choose Numerator: Ratio days