On October 4, 2016, TJ Corporation had credit sales transactions of $4,800 from merchandise having cost $2,880. The entries to record the day's credit transactions include a Select one: a. credit of $2,880 to Cost of Goods Sold. b. debit of $4,800 to Inventory. c. credit of $4,800 to Sales Revenue. d. debit of $2,880 to Inventory. Nov. 1 Inventory Motors has the following inventory information. 30 units $8.00 B Purchase 120 units $8.30 17 Purchase 60 units @$8.70 25 Purchase 90 units @ $8.80 1 A physical count of merchandise inventory on November 30 reveals that there are 80 units on hand. Assume a periodic inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is Select one: a. $1,758. O b. $1,859 c. $1,812 d. $1,870. 2