question 8 ch 6

Assume that a Mega furger retaurant has the following perpetual inventory record for hamburger patties: At July 31, the accountant for the restaurant determines that the current replocement cast of the ending merchandise imventory a $415, Maice any adjuating entry needed to apply the lower-ot-cott-or-merket rule. Merchandise inventary would be reported on the batance sheet at what value on July 31 ? make sure to select "No entry required" in the first cell in the "Accounts" column and loave all other colla blank) Data table