Which of the following entries properly records the cost of goods sold for the month?
A) Finished Goods 1,045,000
Work in Process 1,045,000
B) Cost of Goods Sold 1,045,000
Finished Goods 1,045,000
C) Finished Goods 1,045,000
Cost of Goods Sold 1,045,000
D) Cost of Goods Sold 1,045,000
Work in Process 1,045,000
Answer: B
Business
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