A company that uses the perpetual inventory system sold goods to a customer on account on June 16 for $70. The company has the following inventory information: June 1 Beginning inventory 11 units at $4 each June 10 Purchase 10 units at $ each June 11 Sale 8 units June 16 Sale 10 units The company uses the Weighted - Average method of inventory costing. Which of the following journal entries correctly records the sale on June 16 (Round any intermediate calculations and your final answer to the nearest cont.)? 70 70 O A Sales Revenue Accounts Receivable Cost of Goods Sold Merchandise Inventory 45 45 70 70 OB Accounts Receivable Sales Revenue Cost of Goods Sold Merchandise Inventory 44.80 44.80 70 70 OC Accounts Receivable Sales Revenue Cost of Goods Sold Merchandise Inventory 34.64 34.64 70 70 OD. Sales Revenue Accounts Receivable Cost of Goods Sold Merchandise Inventory 35.84 35.84