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

harry32

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

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

▸ Work in Process Inventory is decreased and Finished Goods Inventory is increased.

▸ Raw Materials Inventory is decreased and Cost of Goods Sold is increased.

▸ Finished Goods Inventory is decreased and Cost of Goods Sold is increased.

▸ Finished Goods Inventory is increased and Cost of Goods Sold is decreased.

Textbook

Managerial Accounting

Managerial Accounting

Edition: 4^th

Author: Davis

Read 42 times

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