When a Product Is Sold to a Customer, Which of the Following

question 133

Multiple Choice

When a product is sold to a customer, which of the following inventory accounts is increased or decreased?

• A)Work in Process Inventory is decreased and Finished Goods Inventory is increased
• B)Finished Goods Inventory is increased and Cost of Goods Sold is decreased
• C)Finished Goods Inventory is decreased and Cost of Goods Sold is increased
• D)Raw Materials Inventory is decreased and Cost of Goods Sold is increased.

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