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June 10 A company that uses the perpetual inventory system sold goods to a customer...

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Accounting

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June 10 A company that uses the perpetual inventory system sold goods to a customer on account on June 30 for $70. The company has the following inventory information: June 1 Beginning Inventory 22 units at $2 each Purchase 32 units at $3 each June 11 Sale 17 units Sale 14 units The company uses the weighted Average method of inventory costing. Which of the following journal entries correctly records the sale on June 30?(Round any intermediate calculations and your final answer to the nearest cent.) June 30 70 70 44.03 44.03 70 70 36.26 36.26 OA Accounts Receivable Sales Revenue Cost of Goods Sold Merchandise Inventory OB. Accounts Receivable Sales Revenue Cost of Goods Sold Merchandise Inventory C Cash Sales Revenue Cost of Goods Sold Merchandise Inventory D. Sales Revenue Accounts Receivable Cost of Goods Sold Merchandise inventory 70 70 36.26 36.26 70 70 42 42

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