To which account is the cost of inventory transferred when a product is sold?
A) Sales
B) Freight expense
C) Gross margin
D) Cost of goods sold

Name: To which account is the cost of inventory transferred when a product is sold? A) Sales B) Freight expense C) Gross margin D) Cost of goods sold
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Question

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The cost of inventory is transferred to the Cost of Goods Sold account when a product is sold. This account represents the cost of the products or goods that were sold by the company during a given period.

To Which Account Is the Cost of Inventory Transferred When