Assume a Waverly Sports outlet store began March with 41 pairs of water skis that cost the store $36 each. The sale price of these water skis was $65. During March, the store completed the below inventory transactions. View the inventory transactions. Read the requirements. Requirement 3. What is the cost of the store's March 31 inventory of water skis? The cost of the company's inventory on March 31 is: Requirement 4. Assume that ending inventory declined by $225. What value would the company report as inventory the balance sheet? Include in your answer why it chose that value. How would it account for this difference? The company would report ending inventory at requires inventory to be reported in the financial statements at because the Account for this difference by preparing the necessary journal entry. (Record debits first, then credits. Exclude explanations from journal entries. Only use necessary lines in journal entries.) Account Titles Debit Credit

Assume a Waverly Sports outlet store began March with 41 pairs of water skis that cost the store $36 each. The sale price of these water skis was \$65. During March, the store completed the below inventory transactions. Read the requirements. Requirement 3. What is the cost of the store's March 31 inventory of water skis? The cost of the company's inventory on March 31 is: Requirement 4. Assume that ending inventory declined by $225. What value would the company report as inventory the balance sheet? Include in your answer why it chose that value. How would it account for this difference? The company would report ending inventory at because the requires inventory to be reported in the financial statements at Account for this difference by preparing the necessary journal entry. (Record debits first, then credits. Exclude explanations from journal entries. Only use necessary lines in journal entries.) Inventory Transactions Assume a Waverly Sports outlet store began March with 41 pairs of water skis that cost the store $36 each. The sale price of these water skis was \$65. During March, the store completed the below inventory transactions. Read the requirements. Requirement 3. What is the cost of the store's March 31 inventory of water skis? The cost of the company's inventory on March 31 is: Requirement 4. Assume that ending inventory declined by $225. What value would the company report as inventory the balance sheet? Include in your answer why it chose that value. How would it account for this difference? The company would report ending inventory at because the requires inventory to be reported in the financial statements at Account for this difference by preparing the necessary journal entry. (Record debits first, then credits. Exclude explanations from journal entries. Only use necessary lines in journal entries.) Inventory Transactions