Which event results in the transfer of product costs from the balance sheet to the income statement?
A) Purchase of materials
B) Sale of goods
C) Production of goods
D) Application of estimated manufacturing overhead to job

Question

Quizplus · Accepted Answer

The sale of goods results in the transfer of product costs from the balance sheet to the income statement in the form of Cost of Goods Sold.

Which Event Results in the Transfer of Product Costs from the Balance