1. Which of the following describes the order in which costs flow through a manu

Question

1.     Which of the following describes the order in which costs flow through a manufacturer

Which of the following describes the order in which costs flow through a manufacturer's inventory accounts? a. Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Cost of Goods Sold b. Work in Process Inventory, Materials Inventory, Finished Goods Inventory, Cost of Goods Sold c. Materials Inventory, Work in Process Inventory, Cost of Goods Sold, Finished Goods Inventory d. Cost of Goods Sold, Materials Inventory, Work in Process Inventory, Finished Goods Inventory e. none of the above

Explanation / Answer

a. Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Cost of Goods Sold

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