Handbags Company had $600$ units of inventory on hand at the end of the year. These were recorded at a cost of $ $18$ each using the lastminusin, firstminusout $($LIFO$)$ method. The current replacement cost is $ $14$ per unit. The selling price charged by Handbags, Inc. for each finished product is $ $22.$ In order to record the adjusting entry needed under the lowerminusofminuscostminusorminusmarket rule, the Cost of Goods Sold will be $\_\_\_\_\_\_\_\_.$ Question content area bottomPart $1$A$.$debited by $ $8$ comma $400$B$.$credited by $ $2$ comma $400$C$.$credited by $ $8$ comma $400$D$.$debited by $ $2$ comma $400$