This question: 2 point(s) possible A company that uses the perpetual inventory system sold goods to a customer on account on May 7 for $88. The company has the following inventory information Beginning Inventory 5 units at $4 each May 1 May 4 May 7 Purchase Sale 10 units at $5 each The company uses the Weighted-Average method of inventory costing Which of the following youmal entres conectly records the sale on May 7 (rounded to two decimal places? OA Sales Revenue Accounts Receivable 8800 08.00 Cost of Goods Sold 52.07 Merchandise Inventory 5207 On Sales Revenue 0.00 Accounts Receivable 800 Cost of Goods Sold 51.37 Menhandise Ivory 5137 OC Accounts Receivable 85.00 Sales Revenue 800 Cost of Goods S 51:37 A company that uses the perpetual inventory system sold goods to a customer on account on May 7 for $88. The company has the following inventory information Beginning Inventory 5 units at $4 each May 1 May 4 May 7 Purchase Sale 10 units at $5 each 11 units The company uses the Weighted-Average method of eventory costing Which of the following joumal entres comectly records the sale on May 7 grounded to two decimal places? Accounts Receivable 88.00 Cast of Goods Sold 51.37 Merchandne Inventory 5137 Oc Accounts Receivable 88.00 Sales Revenue 88.00 Cost of Goods Sold 51.37 Merchandise Inventory 51.37 00 Accounts Receivable 85.00 Sales Revenue 0800 Cost of Goods So 110.00 Merchandne Inventory 110 00