Kim's Retail had 800 units of inventory on hand at the end of the year. These were recorded at a cost of $15 each using the last-in, first-out (LIFO) method. The current replacement cost is $11 per unit. The selling price charged by Kim's Retail for each finished product is $18. In order to record the adjusting entry needed under the lower-of-cost-or-market rule, the Merchandise Inventory will be A) debited by $8,800 B) credited by $8,800 C) debited by $3,200 D) credited by $3,200 A debited by $8,800 OB.credited by $8,800 oc debited by $3,200 O d.credited by $3,200 y