Assume that Board Town has the following LIFO perpetual inventory record for skateboards for the month of April: (Click the icon to view the perpetual record.) At April 30, the accountant for Board Town determines that the current replacement cost of the ending inventory is $11,820. Make any adjusting entry needed to apply the lower-of-cost-or-market rule. Inventory would be reported on the balance sheet at what value on April 30? (Record debits first, then credits. Exclude explanations from any journal entries.) Data Table Journal Entry Accounts Date Debit Apr 30 Skateboards Date April Current assets: Inventory Cost of Inventory Purchases goods sold on hand $ 10,500 8 $ 1,650 $ 12,150 1,640 $ 10,510 30 $ 1,660 $ 12,170 Print Done