If, at your year-end, you determine that inventory which originally cost you $30 per item can now only be sold for $35 each instead of the usual selling price of $40 each, what must you do? a) make no adjustment at all b) return the items to your supplier c) reduce Inventory and increase Inventory Losses or Cost of Goods Sold by $5 per item d) reduce Inventory by $5 per item but do not record a loss until the items are sold e) increase Inventory Losses by $5 per item but do not adjust Inventory until the items are sold