Cullumber Company uses a periodic inventory system and the average cost method. At December 31,2025 , the following information has been compiled for its finished goods inventory: After applying LCNRV. Cullumber, which uses the cost of goods sold method to record inventory write-downs, will make an entry debiting Cost of Goods Sold for $155. crediting Cost of Goods Sold for $1400. debiting Inventory Loss for $600. crediting Inventory for 5600