Assume that a Stoer Burger restaurant has the following perpetual invertory record for hamburger patties Click the con la vow the perpetual entory record) $463 Make any Al December 31, the accountant for the restaurant determines that the current replacement cost of the ending merchandisenyentory Merchandise inventory would be reported on the balance sheet at what value on December 31? using only needed to apply the lower.o. c o .market rule the Exclude ca tions from our entries Forsions that do not require any make sure to Make any adjusting entry needed to apply the lower of color markere Record "No reque st in the "Accou n dather for ) Crede Merchandise inventory would be reported on the ta s h what a on December 31 In this case, St Burger's balance she would record the inventory as low Choose from any trente any number in the old and the corn e rs question 245 FM u O Type here to search 1 DELL Assume that a Steer Burger restaurant has the following perpetual inventory record for hamburger patties: (Click the icon 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 $463. Make any a Merchandise inventory would be reported on the balance sheet of what value on December 31? Dec Il Merchandise inventory would be reported on the balance sheet at In this case, Steer Burger's balance sheet would report the inventory Steer Burger Balance Sheet (Partial) Current Assets: Merchandise Inventory, at cost Merchandise Inventory, at market Type here to search DULL surger patties: cost of the engi 31? ply the lower-o Data Table 31? Date Dec. Cost of Merchandise Purchases Goods Sold Inventory on Hand 9 $ 530 $ 330 200 210 410 530 Print Done mext