SERIAL PROBLEM Business Solutions P2 A3 This serial problem began in Chapter I and continues through most of the book. If previous chapter ser ments were not completed, the serial problem can begin at this point SP 6 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. Inventory items Units Cost per Unit Market per Unit Office productivity $ 76 $ 74 Desktop publishing 103 100 Accounting 90 96 Required 2 3 Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost of mary ket rule to each product in inventory, Must Rey adjust the reported inventory value? Explain. Part 8 Selected accounts and balances for the three months ended March 31, 2020, for Business Solutions fodow Beginning inventory, January 1 Cost of goods sold Ending leventory, March 31 $ 14,052 704 Required 1. Compute inventory tumover and days' sales in inventory for the three months ended March 31, 2020. 2. Anew the company's performance if competitors average 15 times for inventory turnover and 25 days for days' sales in inventory Accounting