In What Order Do Cost Elements Flow Through Accounts Until

question 128

Multiple Choice

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

• A)work in process, cost of goods sold, finished goods
• B)finished goods, work in process, cost of goods sold
• C)finished goods, cost of goods sold, work in process
• D)work in process, finished goods, cost of goods sold

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Definitions:

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