Wildflower, Inc. provided the following for 2019: Cost of Goods Sold (Cost of sales) $1,100,000 Beginning Merchandise Inventory 325,000 Ending Merchandise Inventory 600,000 Calculate the average merchandise inventory held by Wildflower, Inc. during the year. OA. $925.000 OB. $325,000 O C. $600.000 OD. $462,500 A company that uses the perpetual inventory system sold goods to a customer on account for $2,000. The cost of the goods sold was $1,000. Which of the following journal entries correctly records this transaction? 2,000 2,000 O A. Cost of Goods Sold Sales Revenue OB. Merchandise Inventory Cost of Goods Sold 2,000 2,000 2.000 2,000 1,000 1,000 O C. Accounts Receivable Cash Cost of Goods Sold Merchandise Inventory OD. Accounts Receivable Sales Revenue Cost of Goods Sold Merchandise Inventory 2,000 2,000 1,000 1,000