Your company has 100 units in inventory,purchased at $16 per unit,and this inventory could be replaced at $14 per unit.
A) The company should debit inventory for $200 and credit cost of goods sold for $200.
B) The company should debit revenue for $200 and credit inventory for $200.
C) The company should debit loss in inventory value for $200 and credit inventory for $200.
D) The company should debit inventory for $200 and credit cash for $200.
Correct Answer:
Verified
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