A company that uses the perpetual inventory system purchased $500$ pallets of industrial soap for $$8,000$ and paid $$800$ for the freight $-$ in$.$ The company sold the whole lot to a supermarket chain for $$14,000$ on account. The company uses the specific$-$identification method of inventory costing. Which of the following entries correctly records the Cost of Goods Sold?

A$.$ Cost of Goods Sold Merchandise Inventory

$8,000$

B$.$

Merchandise Inventory

Cost of Goods Sold

C$.$ Cost of Goods Sold

$8,000$

Sales Revenue

$8,000$

D$.$ Cost of Goods Sold

$8,800$

Merchandise Inventory

$8,800$