When the physical count of Rosanna Company inventory had a host of $4, 300 at year end and the adjusted balance in inventory was $4, 500. Rosanna will have to make the following entry: Two categories of expenses for merchandising companies are sales and com of goods sold. cost of goods sold and operating expenses. cost of goods sold and financing expenses. operating expenses and financing expenses. The Freight-in account is a permanent account. is contra to the Purchases account. increases the cost of merchandise purchased. has a normal credit balance. Cobb Company's accounting records show the following at the year ending on December 31, 2012: Using the periodic system, the cost of goods purchased is$202, 100. $196, 800. $189,000.$191, 500