Put a check by all the true statements Sales - Profit = Cost Sales - Cost = Profit CGAS-CGS=Beginning Inventory Sales/(1+Markup%)=Cost Ending Inventory + CGS = CGAS Markup % on Cost = Profit/Cost O CGAS + Profit = Sales Poobah Company enters into a purchase commitment agreement to purchase 100 tons of coal in 24 months for $1,000,000. Pick the accounts that they would debit and credit from this transaction. Debit Inventory Due Credit Inventory Allowance Credit "nothing" Credit Purchase Commitment Liability U Debit Inventory Allowance Debit "nothing