Question

. The entry to record cost of goods sold includes a credit to
(a) Cost of goods sold
(b) Finished goods inve
(c) sales
(d) Works in process in​

Answer 1

Answer:

sales

.................

Answer 2

Introduction:

The direct expenses of manufacturing the commodities sold by a corporation are referred to as the cost of goods sold (COGS).

Explanation:

This amount covers the cost of the materials and labour directly employed in the production of the item.

The nature of the cost of goods sold is an expense that is recognized in the company's income statement in during period products are sold.

As a result, it is credited to (c) sales.