ume that a Prime Burger restaurant has the following perpetual inventory record for hamburger patties (Cick the loon to view the perpetual inventory record) July 31, the accountant for the restaurant determines that the current replacement cost of the anding merchandise inventory is $300 Make any adjusting entry needed to apply the lower-of-cost-or-market ne Merchandise ventory would be reported on the balance sheet at what value on July 317 Make any adjusting entry needed to apply the lower-of-cost-or-market nde (Record debts est, then reds Exclude explanatione bom jumal antries Forstuations that do not require enty make sure to seed Newty wed the first cet in the "Accounts column and leave all her cats blank) J11 Accounts Debit Credi amnie Get more help Data table Dan JULY Purchassis Cast of Goods SAM Merchandise Inventry Hand 410 IME Pet Done AZE X Check anewer