Your Company Has 100 Units in Inventory,purchased at $16 Per

Multiple Choice

Your company has 100 units in inventory,purchased at $16 per unit,that could be replaced for $14.

A) The company should credit cost of goods sold for $200.
B) The company should debit cost of goods sold for $1,400.
C) The company should credit inventory for $200.
D) The company should debit inventory for $1,400.