QUESTION 9 1 points Using the Periodic Inventory Method, determine the adjusting journal entry ABC should book at the end of the period. Select the multiple choice question that best fits your answer. Purchases nventory, January 1 Inventory, January 31 $60,000 $120,000 $100,000 A. Debit Purchases for $60,000 B. Debit COGS for $80,000 C. Debit Beginning Inventory for $120,000 D. Credit Ending Inventory for $100,000