Emily Gasorski& BAC 131-02 Spring 2019 6/18/19 7:13 PM Homework: Chapter 6 Exercises Save 9 of 12 (10 compicte) HW Score: 59 62%, 10.14 of 17 pts Score: 0 of 1 pt S6-8 (similar to) Question Help Assume thet a Seer Burger restaurant has the foloning perpetual iventory record for hamburger patties (Cick the ican to view the perpetual inventory record) M October 31, the accountant for the restaurant determines that the current replacement cost of the onding merchandise inventory is $501, Make any adiusting engry needed to apply the lower of cost or market rule, Merchandise inventary would be repoted on the balance sheet at what yalue on October 31? entry requiredr in the frat cell in the "Accounts column and leave all other cella blank) Make ay adjusting entry neeced to apply the lower-of-cos-or-market rule (Record debia first, then credis Exclude explanations from joumal entries For shuations that do not reguire an entry, make sure to select Cedit Date Accounts Debit Oct Data Table Date Purchases Goods Soln Invo Oct S 510 2 260 250 450 onn Print Done Choose from any ist or enter any number in the input fields and then click Check Answer marin Cleat All 4 Check Arew