Multiple Choice
Your company has 100 units in inventory, purchased at $16 per unit, that could be replaced for $14.
A) The company should credit cost of goods sold for $200.
B) The company should debit revenue for $200.
C) The company should credit inventory for $200.
D) The company should debit inventory for $200.
Correct Answer:
Verified
Correct Answer:
Verified
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