QUESTION at 500 Po unita Ponitat 100 Cost of Goods Solding the UFO method is O $21,600 $16.200 O $24,000 Od: $24.400 QUESTION 18 Hallow Company uses the perpetual inventory method. The company purchased an item of inventory for $115 and sold the item to a customer for $23. What effect will the sale have on the company's inventory account? O a. The account will decrease by $230 b. No effect O c The account will decrease by $115 O d. The account will increase by $115