Oriole Company uses a periodic inventory system and the average cost method. At December 31, 2025, the following information has been compiled for its finished goods inventory: Replacement value $14000 Cost $14500 Expected selling price $15160 Normal profit margin 15% Selling costs 5% of expected selling price After applying LCNRV, Oriole, which uses the cost of goods sold method to record inventory write-downs, will make an entry O crediting Inventory for $660. O crediting Cost of Goods Sold for $500. O debiting Cost of Goods Sold for $98. O debiting Inventory Loss for $660,