Use the following to answer questions 27-30: At year-end, the perpetual inventory records of Crawford Co. indicate 60 units of a particular product in inventory, acquired at the following dates and unit costs: Purchased in August: 30 units at $950 per unit Purchased in November: 30 units at $900 per unit However, a complete physical inventory taken at year-end indicates only 50 units of this product actually are on hand. 27. Refer to the above data. Assuming that Crawford uses the LIFO flow assumption, it should record this inventory shrinkage by: A) Debiting Cost of Goods Sold $9,000. B) Crediting Cost of Goods Sold $9,500. C) Debiting Cost of Goods Sold $9,500. D) Crediting Cost of Goods Sold $9,000. Page 5