Assume that Bob's Boards has the following LIFO perpetual inventory record for skateboards for the month of March: E(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 explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Mar 31 Skateboards Inventory Cost of Purchases goods sold Date on hand March 1 9,460 8 $ $ 1,670 11,130 2,140 $ $ 19 8,990 30 $ $ 10,800 1,810 EA