19 please PLEASE solve company purchased inventory for $1,400 per unit. The company later sold one unit of the inventory for cash of $1,900. Under the perpetual inventory system, which accounts will be debited to record the sale?O A. Cash, $1,900; Inventory, $1,400O B. Cash, $1,900; Cost of Goods Sold, $1.400O C. Cash, $1,900; Cost of Goods Sold, $500O D. Cash, $1,900; Inventory, $500Click to select your answer.P Type here to searchort scdelete10harkspase

There are two method of inventory management: Perpetual Inventory System and Periodic Inventory…

company purchased inventory for $1,400 per unit. The company later sold one unit of the inventory for cash of $1,900. Under the perpetual inventory system, which accounts will be debited to record the sale? DA. Cash, $1,900; Inventory, $1,400 O B. Cash, $1,900; Cost of Goods Sold, $1.400 O C. Cash, $1,900, Cost of Goods Sold, $500 O D. Cash, $1,900, Inventory, $500

company purchased inventory for $1,400 per unit. The company later sold one unit of the inventory for cash of $1,900. Under the perpetual inventory system, which accounts will be debited to record the sale? DA. Cash, $1,900; Inventory, $1,400 O B. Cash, $1,900; Cost of Goods Sold, $1.400 O C. Cash, $1,900, Cost of Goods Sold, $500 O D. Cash, $1,900, Inventory, $500

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 7E: On December 31, Marchant Company took a physical count of its merchandise inventory. It operates...

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