Carla Vista Company uses a periodic inventory system and the average cost method. At December 31, 2025, the following information has been compiled for its finished goods inventory: Replacement value $13200 Cost $14500 Expected selling price $15180 Normal profit margin 15% Selling costs 5% of expected selling price After applying LCNRV, Carla Vista, which uses the cost of goods sold method to record inventory write-downs, will make an entry crediting Inventory for $680. debiting Cost of Goods Sold for $79. crediting Cost of Goods Sold for $1300. debiting Inventory Loss for $680