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3 years ago

LO 4.3From beginning to end, place these items in the order of the flow of goods.

Business

1 answer:

mafiozo [28]3 years ago

3 0

Answer:

cost of goods sold
raw materials inventory
work in process inventory
finished goods inventory

Explanation:

solution

As manufacturing industry always keep the track of costs of each inventory as product is moving from the raw material inventory in to the work in process and by the work in process it goes into the the finished goods inventory

so order of the flow of goods from beginning to end is

cost of good sold
raw material inventory : it is the total cost of material that is use in production process
work in process inventory : work in process inventory is continually update work cost is record
finished good inventory : after each job work complete then product is transfer to finished goods inventory

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Answer:

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DR Cash $6,300

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CR Sales Tax $300

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