Use the Information Below to Answer the Following Question(s)

Multiple Choice

Use the information below to answer the following question(s) .
Here is some basic data for Callor Corporation:

-At Callor Corporation the entry to record the cost of goods sold would include a

A) credit to Cost of Goods Sold for $260,000.
B) credit to Finished Goods Inventory for $295,000.
C) debit to Cost of Goods Sold for $295,000.
D) credit to Finished Goods Inventory for $260,000.