In the Flow of Costs, Which of the Following Comes

question 26

Multiple Choice

In the flow of costs, which of the following comes second?

• A)Cost of goods sold
• B)Finished goods inventory
• C)Work in process inventory
• D)Raw materials inventory

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Definitions:

Uniform State Laws

Laws enacted by various states that are intended to be consistent across jurisdictions, usually through the adoption of model statutes.

Model Laws

Laws created to account for the variability of laws among states. These laws serve to standardize the otherwise different interstate laws. Also called uniform laws.

Uniformity

The state of being the same in form, manner, appearance, or degree; often sought in laws to ensure consistency.

Prosecuted

To bring legal action against an individual or entity, seeking to prove their guilt in a court of law.