At April 30, the accountant for the restaurant determines that the current replacement cost of the merchandise inventory is $326. Make any adjusting entry needed to apply the lower-of-cost-or-market rule. Merchandise inventory would be reported on the balance shoot at what value on April 30? Make any adjusting entry needed to apply the lower-of-or-market rule. (Record debits first, then credits. Exclude explanations from journal entries. For situations that do not require an entry, make sure to select "No entry required" in the first cell in the "Accounts" column and leave all other cells blank.) Merchandise inventory would be reported on the balance at what value on April 30? In this case, Texas Burger' balance sheet would report the inventory as follows