[单选题]
A business had an opening inventory of USD180,000 and a closing inventory of USD220,000 in its financial statements for the year ended 31 December.Which of the following entries for these opening and closing inventory figures are made when completing the financial records of the business?
A .Debit Inventory account USD180,000; Credit Profit or loss USD180,000;Debit Profit or loss USD220,000; Credit Inventory account USD220,000
B .Debit Profit or loss USD180,000; Credit Inventory account USD180,000;Debit Inventory account USD220,000; Credit Profit or loss USD220,000
C .Debit Inventory account USD40,000; Credit Purchases account USD40,000
D .Debit Purchases account USD40,000; Credit Inventory account USD40,000
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