In a traditional manufacturing environment, as the cost of goods sold account increases, which account is most likely decreasing?

Question

Quizplus · Accepted Answer

As the cost of goods sold increases, it indicates that more finished goods are being sold, which would decrease the balance of finished goods inventory. Work in process inventory and raw materials inventory are not directly related to the cost of goods sold account. Cash may decrease if payments for inventory or expenses increase, but it is not necessarily the account that would decrease as the cost of goods sold account increases.

In a Traditional Manufacturing Environment, as the Cost of Goods