Kim's Retail had 800 units of inventory on hand at the end of the year. These were recorded at a cost of $18 each using the last - in, first-out (LIFO) method. The current replacement cost is $15 per unit. The selling price charged by Kim's Retail for each finished product is $24. In order to record the adjusting entry needed under the lower-of-cost-or-market rule, the Merchandise Inventory will be O A. credited by $2,400 B. debited by $12,000 OC. credited by $12,000 O D. debited by $2,400