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Question

A company purchased inventory for $

1,000


$1,000 per unit. The company later sold one unit of the inventory for cash of $ 1,700


$1,700. Under the perpetual inventory​ system, which accounts will be debited to record the​ sale?



here are the answers provided



A.

​Cash, $ 1700


$1,700​; ​Inventory, $ 1000


$1,000

B.

​Cash, $ 1700


$1,700​; ​Inventory, $ 700


$700

C.

​Cash, $ 1700


$1,700​; Cost of Goods​ Sold, $ 1000


$1,000

D.

​Cash, $ 1700


$1,700​; Cost of Goods​ Sold, $ 700

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