Which of the Following Is the Order in Which Cost

question 27

Multiple Choice

Which of the following is the order in which cost elements flow through accounts until they are recognized as an expense?

• A) Work-in-Process, Finished Goods, Cost of Goods Sold
• B) Raw Materials, Work-in-Process, Purchase Returns
• C) Finished Goods, Cost of Goods Sold, Work-in-Process
• D) Work-in-Process, Unsold Goods, Finished Goods

---

Definitions:

Impression Management

A conscious or subconscious process in which individuals attempt to influence the perceptions of other people about a person, object, or event by regulating and controlling information in social interaction.

Conscientiousness

A personality trait characterized by organization, dependability, diligence, and a strong sense of duty.

Commitments

Obligations or pledges to do something, often implying a promise made to others or oneself.

Impression Management

The process by which individuals attempt to control the perceptions others have of them.