Question 5 134) In a perpetual inventory system, the purchase of inventory is debited to: A) Purchases. B) Cost of Goods Sold. C) Inventory. D) Accounts Payable. O C) Inventory. OA) Purchases. OD) Accounts Payable. OB) Cost of Goods Sold. 4 pts Question 8 85) The following information relates to inventory for Shoeless Joe Inc. Date Quantity Price Beginning March 1 20 $2 Inventory March 7 Purchase 15 3 March 11 Sale 30 7 March 12 Purchase 15 At what amount would Shoeless report cost of goods sold using the weighted-average cost flow assumption? 73 105 O 70 4 pts 110. D Question 10 4 pts 87) Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number Unit of Units Cost Beginning Apr. 1 500 $2.40 Inventory Apr. 20 Purchase 400 2.50 Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming FIFO would be: OB) $1,700. OA) $1,730. OC) $1,720. OD) $1,710