20 A company sold inventory for $1.200 that was purchased for 5700. The company records which of the following when it is the inventory using a perpetual inventory system? 001 Multiple Choice Noney is required for con goods sold and entry Debit Cost of Good 5700 5700 Deble Cost or Goods Sold 200. creditventory S1200 Debtory S700 Credit Cost of Good Sold 700