Panel Install Has 200 Units of Inventory That Have a Replacement

Multiple Choice

Panel Install has 200 units of inventory that have a replacement cost of $4.90 per unit.The net realizable value of the inventory also declined.Originally this inventory cost $5.50 per unit from an order of 400.What entry is required?

A) Loss on inventory write-down $\quad$$\quad$$\quad$$\quad$$\quad$ 120
$\quad$ Invertory $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 120

B) Inventory $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 120
$\quad$ Loss on inventorywrite-down $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 120

C) CLoss on inventorywrite-down $\quad$$\quad$$\quad$$\quad$$\quad$ 240
$\quad$ inventory $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 240

D) Inventory $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 240
$\quad$ Loss on inventorywrite-down $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ 240
E) Make no entry.