In What Order Do Cost Elements Flow Through Accounts Until

question 181

Multiple Choice

In what order do cost elements flow through accounts until they are recognized as an expense?

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

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