Question 20 Problem 2-5 Indicate which account would be debited and which account would be credited. Debit Credit Record the cost of goods sold Cost of Goods Sold Accounts Receivable Question 21 Problem 3-1 Tires, Inc., manufactures tires for bicycles. For the cost given below determine if it is direct material, direct labor, factory overhead or a period cost. Delivery to customers. Direct material Direct isbon Factory overhead Period cost