In February 2021, a business received an order form a customer for goods priced at $450 for

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Question:

In February 2021, a business received an order form a customer for goods priced at $450 for sale. These goods were previous acquired from the supplier at a cost of $320 in January. Cash payment for the order was received in March and the goods were delivered to fulfill the order in April. In which month was COGS recognised under accrual accounting?

A. April

B. January

C. March

D. February