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Part A Part B Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule



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 Per Unit LCM Applied Inventory Items Units Total Cost Total Market To Items Cost Market Office productivity 9 69 84 $ 86 Desktop publishing 8 110 113 Accounting 6 106 103 Totals $ 0 $ 0 $ 0 Lower of cost or market for inventory applied separately to each product Rey must adjust the reported inventory value Part A Part B > Part A Part B Compute inventory turnover and days' sales in inventory for the three months ended March 31, 2022. Inventory Turnover Choose Numerator: 1 Choose Denominator: Choose Numerator: Days' Sales in Inventory Choose Denominator: < Part A Inventory Turnover = Inventory Turnover = Ratio 0 0 days Part B >

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