QUESTION 41 Teresa Company began the period with 10 units in inventory, costing $5 each. During the period the company purchased 100 units at a cost of $5 each. At the end of the period there were 13 units left on hand. What is the correct amount that should appear on the income statement for the period and on the balance sheet at the end of the period? OAIncome Statement Balance Sheet Cost of Goods Sold, $500 Inventory, $550 OB Income Statement Balance Sheet Inventory, $485 Cost of Goods Sold, $500 Income Statement Balance Sheet Cost of Goods Sold, $65 Inventory, $485 O Income Statement Balance Sheet Cost of Goods Sold, $485 Inventory, $65 B