If, at your year-end, you determine that inventory which originally cost you $40 per item can now only be sold for $35 each instead of the usual selling price of $60 each, what must you do? a) increase Inventory Losses by $5 per item but do not adjust Inventory until the items are sold b) make no adjustment at all c) return the items to your supplier d) reduce Inventory by $5 per item but do not record a loss until the items are sold e) reduce Inventory and increase Inventory Losses or Cost of Goods Sold by $5 per item