5. Romulus Company sells maps. At the end of the year, Romulus's inventory account indicated that it had 2,900 maps of Italy on hand that had originally cost $30 each. An inventory count showed that only 2,875 were actually in ending inventory. What journal entry should Romulus make? 1. Debit cost of goods sold 750 credit loss on inventory shortage 750 2. Debit cost of goods sold 30 and credit inventory 30 3. Debit inventory 750 and credit cost of goods sold 750 4. Debit cost of goods sold 750 and credit inventory 750