Bonobo's Groceries records its inventory at FIFO. The cost of ending inventory for the current period is $230,000. The market value of the inventory is $210,000. The selling value of the inventory is $190,000, and the costs of completion, disposal, and transportation are $10,000. The firm needs to make an adjusting entry to write down the value of its inventory by: Select one: a. $180,000 O b. $50,000 OC. No adjustment is required O d. $10,000 e. $210,000