Answer: Option (D). Cost of Good Sold
Explanation: Cost of goods sold is the carrying value of goods sold during a particular period of time. Furthermore, Cost of goods sold refers to the cost of acquiring or manufacturing the products that a company sells during a particular period of time and Costs of goods can include material, labor, and allocated overhead.
Cost of Goods Sold accounts would be closed at the end of the year using the perpetual inventory system.
