1 point Fictitious/fake sale on account. Inventory still owned was not counted. Assuming the company uses the periodic inventory system, what, if any. adjustment should be made to correct Inventory at December 312 The products were invoiced for $200,000 and cost $120,000 to manufacture. No adjustment necessary DR: Inventory 120,000; CR; COGS 120,000 O DR: COGS 1200,000; CR: Inventory 120,000