Serial Problem Business Solutions LO P2, A3 Port 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 9 Inventory Items office productivity Desktop publishing Accounting Per Unit Cost Market $ 84 $ 86 110 113 106 103 9 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 A Part B 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? BUSINESS SOLUTIONS Por Unit LCM Applied Inventory Items Units Cost Market Total Cost Total Market To Items Office productivity 9 $ 84 $ 86 Desktop publishing 8 110 113 Acc ting 9 106 103 Totals Lower of cost or market rule to each product in inventory Rey must adjust the reported inventory value