The account used in perpetual inventory to record the cost of inventory used to make the sale is:

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The account used in perpetual inventory to record the cost of inventory used to make the sale is called Cost of Goods Sold. This account is debited when a sale is made and is credited when inventory is issued to Cost of Goods Sold. Purchases, Purchases Returns and Allowances, and Purchases Discounts are all accounts used to record the acquisition of inventory, and are not directly related to the cost of goods sold.

The Account Used in Perpetual Inventory to Record the Cost