When the physical count of Concord Company inventory had a cost of $4410 at year end and the unadjusted balance in Inventory was $4650, Concord will have to make the following entry: 240 O Cost of Goods Sold Inventory 240 4650 O Cost of Goods Sold Inventory 4650 240 O Inventory Cost of Goods Sold 240 O Income Summary Inventory 240 240