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

When using a perpetual inventory system, the journal entry to record the cost of goods sold is: Oa. debit Inventory, credit Cost of Goods Sold Ob. debit Cost of Goods Sold; credit Sales Oc. debit Cost of Goods Sold; credit Inventory Od. No journal entry is made to record the cost of goods sold

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