Question: When using a perpetual inventory system, the entry to journalize the cost of goods sold is a. debit Cost of Goods Sold and credit Inventory

When using a perpetual inventory system, the entry to journalize the cost of goods sold is a. debit Cost of Goods Sold and credit Inventory b. No entry is made to journalize the cost of goods sold. c. debit Inventory and credit Cost of Goods Sold d. debit Cost of Goods Sold and credit Sales

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