Multiple Choice
Use the information above to answer the following question.The journal entry necessary at the end of the period to transfer beginning inventory and net purchases to cost of goods sold will include which of the following?
A) Credit Inventory,$6,250.
B) Debit Purchases,$11,250.
C) Debit Inventory,$6,250.
D) Debit Cost of goods sold,$11,250.
Correct Answer:
Verified
Correct Answer:
Verified
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