On April, 11 the customers made refunds for defective merchandise sold by $600. The returned merchandise had cost value of 500 The Journal entry to record the returned merchandise in cost value using a perpetual inventory system was Debit Inventury $400, Credit cost of goods sold, s Debit inventory $600, Credit cost of gods stan 1000 Debit cost of goods sold, $400 Crede met Debit cost of goods Sold So Krea Non Fide