Sandork, Inc., has 200 units of inventory which are currently priced $4.90 per unit at the market. Originally this inventory cost $5.50 per unit from an order of 400. Sandork, Inc., should take what following step?

		Loss on inventory write-down 120 Inventory 120
		Loss on inventory write-down 240 Inventory 240
		Inventory 240 Loss on inventory write-down 240
		Inventory 120 Loss on inventory write-down 120
		Make no entry.