The Journal Entry to Record the Sale of Goods Includes

The journal entry to record the sale of goods includes:

A) a credit to Conversion Costs.
B) a credit to Work in Process Inventory.
C) a credit to Finished Goods Inventory.
D) a credit to Cost of Goods SolD.
When goods are sold, the cost is debited to Cost of Goods Sold and credited to Finished Goods Inventory. (The receipt of revenue is recorded as well, generally with a debit to cash or accounts receivable and a credit to revenue.)