At the end of last year, Games-2-Use had merchandise costing $210,000 in inventory. During January of the current year, the company purchased merchandise costing $125,000, and sold merchandise that it had purchased at a total cost of $112,000. Games-2-Use uses a perpetual inventory system.

The total amount debited to the Inventory account during January was:

a.$0.

b. $112,000.

c. $125,000.

d. $210,000.

The balance in the Inventory account at January 31 was: a. $112,000. b. $335,000. c. $223,000. d. $210,000.

The amount of goods transferred from the Inventory account to the Cost of Goods Sold account during January was:

a. $0

b. $ 112,000

c. $125,000.

d. $98,000