Return to question 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. points Inventory Items Office productivity Desktop publishing Accounting Units 7 6 7 Per Unit Cost Market $ 75 $ 77 101 104 97 94 NO Required: 1. & 2. Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to inventory as a whole and and 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, 2018, for Business Solutions follow. January 1 beginning inventory Cost of goods sold March 31 ending inventory $ 0 35,295 1,810 CX ner Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2018. Return to question NOTES Complete this questions by entering your answers in the below tabs. Part A Part B points Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2018. vie.mp4 Choose Numerator: Cost of goods sold Inventory Turnover Choose Denominator: 1 Average inventory $ 905 Inventory Turnover Inventory Turnover 39 35,295 Choose Numerator: Days' Sales in Inventory Choose Denominator: = Ratio 365 : $ 39 9.4 days