Gallant Inc. recently changed to FIFO from the average cost method. It reported $127,000 of FIFO ending inventory, and would have reported $123,000 of ending inventory under the average cost method. What is the journal entry to account for this inventory-method change? (Copyright Obeua Persons. All rights reserved.) Group of answer choices Debit Inventory for $127,000; Credit Cost of goods sold for $127,00 Debit Cost of goods sold for $4,000; Credit Inventory for $4,000. Debit Inventory for $4,000; Credit Cost of goods sold for $4,000. Debit Inventory for $4,000; Credit Retained earnings for $4,000