What are the transfers from the Finished Goods Inventory called?
A) Cost of Goods Manufactured.
B) Cost of Goods Available.
C) Cost of Goods Completed.
D) Cost of Goods Sold.

Name: What are the transfers from the Finished Goods Inventory called? A) Cost of Goods Manufactured. B) Cost of Goods Available. C) Cost of Goods Completed. D) Cost of Goods Sold.
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Question

Quizplus · Accepted Answer

Transfers from the Finished Goods Inventory are called Cost of Goods Sold, as this represents the cost of inventory that has been sold to customers.

What Are the Transfers from the Finished Goods Inventory Called