Question: 22. When using a perpetual inventory system, the journal entry to record the cost of goods sold is: a. debit Cost of Goods Sold; credit

22. When using a perpetual inventory system, the journal entry to record the cost of goods sold is:

a. debit Cost of Goods Sold; credit Sales

b. debit Cost of Goods Sold; credit Inventory

c. debit Inventory; credit Cost of Goods Sold

d. No journal entry is made to record the cost of goods sold.

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