Question: Finished Goods inventory account is credited when: Select one: a. Goods are purchased on account b. Goods are sold. c. Underapplied overhead is closed. d.

Finished Goods inventory account is credited when:

Select one:

a. Goods are purchased on account

b. Goods are sold.

c. Underapplied overhead is closed.

d. Raw materials are purchased

correct answer is

b. Goods are sold

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