7 of 26 View Policies < O $5200. O $1300. O $2600. O $5400. > -15 Current Attempt in Progress Oriole Company uses the perpetual inventory system. It began operations in October. October through December, the accounting information system shows that purchases of $70700 were made. Oriole returned goods with a cost of $3900. Inventory with a cost of $53800 was sold during the three months. These were the only inventory transactions during the period. A physical count of inventory at the end of December reported total inventory of $10400 remains on hand. An adjustment to bring the perpetual inventory count in line with the physical count would include a debit to Inventory Over and Short (or Cost of Goods Sold) for