The cost goods sold is the cost assigned to those goods or services that correspond to sales made to customers. In the case of merchandise, this usually means goods that were physically shipped to customers, Debit, Credit. Cost of goods sold expense, 750,000. Purchases, 450,000. Inventory, 300,000 .
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Debit Cost of Merchandise Sold credit Merchandise Inventory C debit Merchandise from ACCOUNTING managerial at FIU.
Cost of Goods Sold Overview The cost goods sold is the cost assigned to those goods or services that correspond to sales made to .
Cost of Goods Sold is the costs of producing goods which have been sold during an accounting period. It is abbreviated to COGS and also called Cost of Sales.
Finished unsold In process April 30 cost included in Cost of goods sold from BUS 1B at Chabot College.