Which of the Following Sequences Describes the Typical Flow of Costs

question 89

Multiple Choice

Which of the following sequences describes the typical flow of costs in a company that is using process costing?

• A)Raw Materials Inventory, Work in Process, Finished Goods, Cost of Goods Sold
• B)Work in Process, Finished Goods, Raw Materials Inventory, Cost of Goods Sold
• C)Raw Materials Inventory, Cost of Goods Sold, Work in Process, Finished Goods
• D)Finished Goods, Raw Materials Inventory, Work in Process, Cost of Goods Sold

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