FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:A company purchased inventory for $1,200 per unit. The company later sold one unit of the inventory for cash of $1,800. Under the perpetual inventory system, which accounts will be debited to record the sale?
O A. Cash, $1,800; Inventory, $600
O B. Cash, $1,800; Inventory, $1,200
O C. Cash, $1,800; Cost of Goods Sold, $1,200
O D. Cash, $1,800; Cost of Goods Sold, $600
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