Sunland Company uses a periodic inventory systemand the average cost method. At December 31. 2025, the following information has been compiled for its Ginished goods inventory: After applying LCNRV, Sunland, which uses the cost of goods sold method to record imentory write-downs, will make an entry debiting inventory Loss for 5600 crediting inventory for 5600 . debiting Cost of Goods Sold for $165. crediting Cost of Goods Sold for $1200