Crane Ltd. uses FIFO to cost its inventory. The following information is available for Crane's inventory of product # 101: Beginning inventory: 120 units @ $3.00 per unit March 1: Purchase of 240 units @ $3.60 per unit April 10: Sale of 95 units @ $5.30 per unit Assuming Crane uses the perpetual inventory system, the second entry to account for the April 10 sale is O debit Cost of Goods Sold and credit Purchases, $285. O debit Cost of Goods Sold and credit Purchases, $342. O debit Cost of Goods Sold and credit Inventory, $285. O debit Cost of Goods Sold and credit Inventory, $342