en the physical count of ABC Co. inventory had a cost of $4,380 at year end and the unadjusted balance in Inventory s $4,600, ABC will have to make the following entry Income Summary- 220 Inventory. 220 Cost of Goods Sold... 220 Inventory. 220 Inventory. 220 O c) Cost of Goods Sold 220 Cost of Goods Sold 4,600 OD) Inventory 4,600