Saved Save Exit Help roctoring Enabled: Exam 2: Chapters 4-6 Suomi 22 A company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 9, 2021 for $52.000 and then sells this inventory on account on March 7, 2021, for $70,000 Record the transactions for the purchase and sale of the inventory. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction liat Journal entry worksheet VM A company reports the following amounts for 2021: 24 Inventory beginning) Inventory (ending) Purchases Purchase returns $ 16,000 39,000 200,000 12,000 00:42.00 Calculate cost of goods sold, the inventory turnover ratio, and the average days in inventory for 2021. (Use 365 days in a year. Rour your intermediate and final answers to 1 decimal place.) Cost of goods sold Inventory turnover ratio Average days in inventory times days