Using a perpetual inventory system, how should a company record the sale of inventory costing $440 for $1,150 on account? 1. 440 440 1,150 1,150 1,150 1,150 440 Inventory Cost of Goods Sold Sales Revenue Accounts Receivable Accounts Receivable Sales Revenue Cost of Goods Sold Inventory Inventory Gain Sales Revenue Accounts Receivable Sales Revenues Gain 440 710 1,150 1,150 440 710 Multiple Choice Option 2 Option 1 Option 3 Option 4