The inventory system whereby a merchandiser knows precisely how much inventory is onhand at any given time is known as the O A Perpetual Method OB. Periodic Method c. Retail Method D. Exact Method Express Inc.'s account balances at the December 31, 2018 included the following unadjusted balances: Inventory $60,000 Cost of Goods Sold $20,000 Sales Revenue $100,000 Sales Discounts Sales Returns and allowances $30,000 The physical count of inventory at hand on December 31, 2018 was$48,000. What is the correct gross profit? A $26,000 OB. $13,000 c. $27,000 D. $25,000