When a manufacturing company sells its products,Finished Goods is debited and Cost of Goods Sold is credited.

Name: When a manufacturing company sells its products,Finished Goods is debited and Cost of Goods Sold is credited.
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Question

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When a manufacturing company sells its products, Finished Goods is credited (to decrease the asset as it leaves inventory) and Cost of Goods Sold is debited (to record the expense associated with those goods sold).

When a Manufacturing Company Sells Its Products,Finished Goods Is Debited