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When completed units are sold: Cost of Goods Sold account is credited. Cost of Goods Manufactured account is credited. Finished Goods Inventory account is credited.
When completed units are sold:
Cost of Goods Sold account is credited. | ||
Cost of Goods Manufactured account is credited. | ||
Finished Goods Inventory account is credited. | ||
Work-in-Process Inventory account is credited. | ||
Finished Goods Inventory account is debited. |
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