The following schedule displays Hector Co.'s information about inventory recorded on its Balance Sheet related to its primary three product lines. Item Original Cost Replacement Cost (of total inventory for the (of total inventory for the product line) product line) Timers $500,000 $560,000 Alarm Clocks $400,000 $200,000 Watches $250,000 $200,000 Please indicate how Hector Co. should adjust the value of its inventory by selecting the appropriate choice(s) below (select all that apply). D-Hector Co should make no journal entry. b. Hector Co. should make an entry increasing COGS by $60,000 and reducing Inventory by $60,000 Hector Co should make an entry increasing COGS by $200,000 and reducing Inventory by $200,000 d. Hector Co. should make an entry increasing COGS by $50,000 and reducing Inventory by $50,000