Question: Part A Part B 1. & 2. Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or

Part A Part B 1. & 2. Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or marlket rule to to each product in inventory. Must Rey adjust the reported inventory value? BUSINESS SOLUTIONS Per Unit LCM otMarke rotar CostoaAppied To Units 6 88 84 S 516s504 5040 550 0 Desktop 570 550 835 114 110 600 e 1 63601 6000 100 108 800 0 Totals S 1,6881.890 S 1,654 Lower of cost or market rule to nventory as a role S 1.554 No Rey must adjust the reported nventory value Lower of cost or market ule to each product in Rey must adjust the reported inventory value 32# PartB >

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