The entry to record selling a product that cost $22,000 would be a credit to Finished Goods Inventory $22,000, and a debit to Cost of Goods Sold $22,000.

Finished Goods Inventory

The total value of all completed products that are ready for sale at the end of an accounting period, part of a company's current assets.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the good.