Which of the following is incorrect about the perpetual inventory method? a. purchases are recorded as debit to inventory account b. the entry to record a sale includes a debit to cost of goods sold...

Which of the following is incorrect about the perpetual inventory method?

a. purchases are recorded as debit to inventory account
b. the entry to record a sale includes a debit to cost of goods sold and a credit to inventory
c. after a physical inventory count, inventory is credited for any missing inventory.
d. purchase returns are recorded by debiting accounts payable and crediting purchase returns and

allowances