If a company has a sound business idea and is successful at selling its products, at the end of the year, the majority of product costs should be in:

Question

Quizplus · Accepted Answer

If the company is successful at selling its products, the majority of product costs should be in Cost of Goods Sold, as these costs are transferred from inventory accounts to COGS when the products are sold.

If a Company Has a Sound Business Idea and Is