What are the transfers-out from the Finished Goods Inventory called?

Name: What are the transfers-out from the Finished Goods Inventory called?
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Question

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Transfers-out from the Finished Goods Inventory are called Cost of Goods Sold, which reflects the cost of the products sold during a specific period. It is important to track this cost accurately in order to calculate the gross profit margin of a business. Choice D, "Cost of Goods Sold", is the correct answer.

What Are the Transfers-Out from the Finished Goods Inventory Called