Multiple Choice
Use the information above to answer the following question.The journal entry necessary at the end of the period to adjust cost of goods sold for the ending inventory still on hand will include which of the following?
A) Debit Inventory,$6,250.
B) Credit Cost of goods sold,$11,250.
C) Credit Purchases,$10,200.
D) Credit Inventory,$5,000.
Correct Answer:
Verified
Correct Answer:
Verified
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