A company purchased inventory for $800 per unit. The company later sold one unit of the inventory for cash of $1,500. Under the perpetual inventory system, which accounts will be debited to record the sale?
A.
Cash, $1,500; Inventory, $800
B.
Cash, $1,500; Cost of Goods Sold, $800
C.
Cash, $1,500; Cost of Goods Sold, $700
D.
Cash, $1,500; Inventory, $700