Please respond as fast as you can

If, at your year-end, you determine that inventory which originally cost you $20 per item can now only be sold for $20 each instead of the usual selling price of $30 each, what must you do? a) reduce Inventory by $5 per item but do not record a loss until the items are sold b) return the items to your supplier c) increase Inventory Losses by $5 per item but do not adjust Inventory until the items are sold d) make no adjustment at all e) reduce Inventory and increase Inventory Losses or Cost of Goods Sold by $5 per item