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Click here to activate McAf... McAfee M 4 points Company A uses a periodic inventory system. In 2021, the internal auditors of Company A discovered that goods costing $180,000 that were purchased f.o.b. shipping point in December of 2020 were in transit on December 31. The goods were recorded as a purchase in December of 2020 but were not included in tkie 2020 year-end inventory. What is the journal entry needed in 2021 to correct the error? Question 23 of 25 Save Answer Inventory Retained Earnings 180,000 the internal auditors of Company nber 31. The goods were recorded as a purchase in Dec in 2021 to correct the error? Inventory Retained Earnings 180,000 180,000 Retained Earnings Inventory 180,000 180,000 Inventory Cost of Goods Sold 180,000 180,000 Cost of Goods Sold 180,000 Inventory 180,000