The Physical Count of Pope Company Inventory Determined That Inventory $$\begin{array}{ll}\text { Cost of Goods Sold }&400\\\text {Inventory }&&400\\\end{array}$$

The physical count of Pope Company inventory determined that inventory with a cost of $44,200 was on hand at year-end. If the unadjusted balance in the Inventory account is $44,600, Pope will make the following entry:

A) $$\begin{array}{ll}\text { Cost of Goods Sold }&400\\\text {Inventory }&&400\\\end{array}$$

B) $$\begin{array}{ll}\text {Inventory }&400\\\text { Cost of Goods Sold}&&400\\\end{array}$$

C) $$\begin{array}{ll}\text { Income Summary}&400\\\text { Inventory}&&400\\\end{array}$$
D) $$\begin{array}{ll}\text {Gross Profit }&400\\\text { Inventory }&&400\\\end{array}$$