Eaton resources, which uses the fifo inventory costing method, has the following account balance at december 31, 2015, prior to releasing the financial statement for the year: eaton has determined that the current replacement cost (current market value) of the december 31, 2015, ending merchandise inventory is $12,800. prepare any adjusting journal entry required from the given information. (record debits first, then credits.) what value would eaton report on the balance sheet at december 31, 2015, for merchandise inventory? according to the rule, eaton resources should report inventory on the december 31 balance sheet at choose from any list or enter any number in the input fields and then continue to the next question.