Market value is replacement cost for LIFO, but net value is used for FIFO, Specific Identification and weighted Average methods O replacement O market realizable inventory 40 Jose Consulting paid 5960 cash for utrities for the current month. Determine the general journal entry that Jose Consulting will make to record this transaction 8 0000:10 Multiple Choice Account Title Utilities Expense Cash Debit 900 Credit 960 Credit Account Title Cash Utilities Expense Debit 96e 960