QUESTION 14 Cost of goods sold is the amount of cost transferred: O out of Finished Goods Inventory and into Cost of Goods Sold. O out of Work in Process Inventory and into Cost of Goods Sold. out of Work in Process Inventory and into Manufacturing Overhead. O out of Work in Process Inventory and into Finished Goods Inventory. QUESTION 15 When units are sold, the cost associated with the units increases which account? O Raw Materials Inventory O Work in Process Inventory O Finished Goods Inventory O Cost of Goods Sold