The Bristol Company was recently required to record an inventory write-down of $5,215 because the market value of its inventory was less than cost. Assuming the amount of the write-down is not material (the total inventory was over $9,750,000), which of the following is the appropriate journal entry? Sales A. Inventory B. Cost of Goods Sold C. Sales D. Inventory Inventory Inventory Cost of Goods Sold 5,215 5,215 5,215 5,215 5,215 5,215 5,215 5,215