A Company Purchased Inventory for $1,300 Per Unit

question 72

Multiple Choice

A company purchased inventory for $1,300 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?

• A)Cash,$1,900;Inventory,$1,300
• B)Cash,$1,900;Cost of Goods Sold,$1,300
• C)Cash,$1,900;Cost of Goods Sold,$600
• D)Cash,$1,900;Inventory,$600

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Definitions:

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