Crane 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: After applying LCNRV, Crane, which uses the cost of goods sold method to record inventory write-downs, will make an entry debiting Cost of Goods Sold for $384. crediting Inventory for $380. debiting Inventory Loss for $380. crediting Cost of Goods Sold for $1800