A company sold inventory for $1.200 that was purchased for $700. The company records which of the following when it sels the inventory using a perpetual inventory system? Mtole Choice No entry is required for cont of goods sold and Inventory Debt Cont of Goods Sold 3700 credentory 5700 Dot Cost of Good Son L200crede inventory S1200 Debitory 5700. Cost of Goods Sola 5700