Question: Crane Inc. has selected specific identification as its inventory costing method. At December 31, 2025 , If Crane uses the loss method to record inventory

Crane Inc. has selected specific identification as its inventory costing method. At December 31, 2025 , If Crane uses the loss method to record inventory write-downs, it will make a journal entry a. crediting Inventory for $5040. b. debiting Inventory Loss for $3150. c. No journal entry will be made. d. debiting Cost of Goods Sold for \$1008

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