rial Problem -5 0 Saved 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. par Unit Nariat tits Invertory Team orice productivity Desktop publishing Accounting 106 109 cBook 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? Print Part B Selected accounts and balances for the three months ended March 31, 2020, for Business Solutions follow. eferences Beginning inventory, January Cost of goods sold Ending inventory, March 31 1 22,678 ,334 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 af cost ar market rule to cach product in inventory. Must Rey adjust the reparted inventory value? Inventory Items Office productivity Desktop publishing Accounting Totals Units 5 4 5 BUSINESS SOLUTIONS Per Unit LCM Applied Cost Market Total Cost Total Market To Items $ 80 $ 82 $ 400 $ 410 106 109 4 24 4 36 1021095107495 S 1 ,334 $ 1,341 $ Lower of cost ar market rule to each product in inventory Rey must adjust the reported inventory value Prev 1 Neyt rial Problem -5 0 Saved 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. Units 5 Invertory Items Office productivity Desktop publishing Poopunting Fer Unit Cost Market $ 60 $ 82 106 109 cBook Print 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? eferences Part B Selected accounts and balances for the three months ended March 31, 2020, for Business Solutions follow. Beginning inventory, January 3 Cost of goods sold Ending inventory, March 31 0 22,678 ,334 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 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 Tumover ol Days' Sales in Inventory. Choose Denominator: Choose Numerator: Ratio 0 days (Part A Part B > Prev 1 Neyt