Respuesta :
When goods are sold under the perpetual inventory system, the cost of the good sold is transferred from the: inventory account to the cost of goods sold account.
Inventory account is the body of accounting that deals with valuing and accounting for changes in inventoried assets.
A company's inventory typically involves goods in three stages of production: raw goods, in-progress goods, and finished goods that are ready for sale. Inventory accounting will assign values to the items in each of these three processes and record them as company assets. Assets are goods that will likely be of future value to the company, so they need to be accurately valued in order for the company to have a precise valuation.
The cost of goods sold, commonly referred to as COGS, is a fundamental income statement account, but a company using a periodic inventory system will not know the amount for its accounting records until the physical count is completed.
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