Your company has 100 units in inventory, purchased at $16 per unit, and this inventory could be replaced at $14 per unit.

Multiple Choice

The company should debit revenue for $200 and credit inventory for $200.

The company should debit loss in inventory value for $200 and credit inventory for $200.

The company should debit inventory for $200 and credit cash for $200.

The company should debit inventory for $200 and credit cost of goods sold for $200.