Assume that Bob's Boards has the following LIFO perpetual inventory reoord for skateboards for the month of March (Click the icon to view the perpetual record.) At March 31, the accountant for Bob's Boards determines that the current replacement cost of the ending inventory is $10,640. 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 March 31? (Record debits first, then credits. Exclude e Data Table Journal Entry Accounts Debit Credit Mar 31 Inventory 240 Skateboards 240 Cost of Inventory Date March 9.460 8 S 1,670 S 11,130 2.140 S 8.990 S 10.800 30 S 1,810 Print Done Choose from any list or enter any number in the input fields and then click Check