When products are sold the cost is:
A) debited to cost of sales
B) credited to cost of sales
C) debited to finished goods.
D) none of the above

Name: When products are sold the cost is: A) debited to cost of sales B) credited to cost of sales C) debited to finished goods. D) none of the above
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Question

Quizplus · Accepted Answer

When products are sold, the cost of those products is debited to the cost of sales account to reflect the expense incurred in generating revenue.

When Products Are Sold the Cost Is