A company that uses the perpetual inventory system sold goods for $2,200 to a customer on account. The company had purchased the inventory for $400. Which of the following journal entries correctly records the cost of goods sold? OA Cost of Goods Sold Sales Revenue 400 400 OB. Merchandise Inventory Cost of Goods Sold 400 400 OC Cost of Goods Sold Merchandise Inventory 400 400 OD. Accounts Receivable Sales Revenue 400 400