Assume that a Mega Burger restaurant has the following perpetual inventory record for hamburger parties (Click the loon to view the perpetual inventory record) At December 31, the accountant for the restaurant determines that the current replacement cost of the ending merchandise inventory is $419 Make any adjusting entry needed to apply the lower of color market rule. Merchandise inventory would be reported on the balance sheet at what value on December 317 Make any adjusting entry needed to weyewer of cost or market de. (Record destru, then cross cute explorations com uma entes. Por forehut do not require an erty, make sure to let "No entered in the cel in the Account column and leave all other cells tank.) Accounts Cred Dec 31 Data Table Date Det Cost of Merchandise Goods Sold Inventory on Hand $ 490 $ 200 No entry required Merchandise inventory would be reported on the balance sheet at what value on December 31 In this case, Mega Burger's balance sheet would report the inventory as follows Mega Burger Balance Sheet(Partial Current Assets Merchandise Inventory, al cost 370 Date Purchases Dec 9$ 490 22 31 170 370 Print Done Choose from any ist or enter any number in the input fields and then continue to the next