The ending inventory of a company was $$161,000$ as per the perpetual inventory records. The current replacement cost for the ending inventory is $$153,000.$ The journal entry to adjust inventory is:

A$.$ Cost of Goods Sold $8,000$ Merchandise Inventory

$8,000$

B$.$ Merchandise Inventory

$153,000$

Cost of Goods Sold

C$.$ Merchandise Inventory

$8,000$

Cost of Goods Sold

D$.$ Cost of Goods Sold

$153,000$

Merchandise Inventory

$153,000$