Inventory becomes part of the cost of goods sold when a company

A) pays for the inventory.
B) purchases the inventory.
C) sells the inventory.
D) receives payment from the customer.

Cost Of Goods Sold

An expense representing the total cost of materials and labor required to produce goods that have been sold in a given period.

Inventory

Assets in the form of materials, work-in-progress, or finished goods held by a company to be sold in the ordinary course of business.