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

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

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