toSave OFF @ESU Draw Page Layout ACC 101 CA#3.xlsx - Read- View Tell me ne Insert Formulas Data Review X 11 V ' ' ab Wrap Text Accounting Calibri (Body) BIU ste 1 Merge & Center $ %) A B C D E F G Problem #1 Bobby Wino & Company reported the following December 2020 transactions pertaining to a 62oz bottle of Retro Cream, one of the company's many inventory items: Units Unit Cost 8 23.00 $ $ 20 25.00 18 Beginning inventory Jan 1 5-Jan Purchase 7-Jan Sale 10-Jan Purchase 15-Jan Sale 20-Jan Purchase 22 $ 25.50 6 10 $ 27.00 25-Jan Sale 13 and LIFO PERPETUAL is used. INDICATE THE: 14 Account (if any) credited at COST when a sale occurs and the Perpetual Inventory System is used. 15 Account (if any) credited at COST when a sale occurs and the Periodic Inventory System is used. 16 Account debited when merchandise is acquired and the Perpetual Inventory System is used. 17 Account debited when merchandise is acquired and the Periodic Inventory System is used. 3 toSave OFF @ESU Draw Page Layout ACC 101 CA#3.xlsx - Read- View Tell me ne Insert Formulas Data Review X 11 V ' ' ab Wrap Text Accounting Calibri (Body) BIU ste 1 Merge & Center $ %) A B C D E F G Problem #1 Bobby Wino & Company reported the following December 2020 transactions pertaining to a 62oz bottle of Retro Cream, one of the company's many inventory items: Units Unit Cost 8 23.00 $ $ 20 25.00 18 Beginning inventory Jan 1 5-Jan Purchase 7-Jan Sale 10-Jan Purchase 15-Jan Sale 20-Jan Purchase 22 $ 25.50 6 10 $ 27.00 25-Jan Sale 13 and LIFO PERPETUAL is used. INDICATE THE: 14 Account (if any) credited at COST when a sale occurs and the Perpetual Inventory System is used. 15 Account (if any) credited at COST when a sale occurs and the Periodic Inventory System is used. 16 Account debited when merchandise is acquired and the Perpetual Inventory System is used. 17 Account debited when merchandise is acquired and the Periodic Inventory System is used. 3