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Anna71 [15]
3 years ago
9

Which of the following best describes the correct sequence of the flow of costs for a manufacturing firm? Work-in-process, raw m

aterials, finished goods, cost of goods sold. Raw materials, work-in-process, finished goods, cost of goods sold. None of the above. Raw materials, work-in-process, cost of goods sold, finished goods. Raw materials, finished goods, work-in-process, cost of goods sold.
Business
1 answer:
charle [14.2K]3 years ago
3 0

Answer:

The correct answer is letter "B": Raw materials, work-in-process, finished goods, cost of goods sold.

Explanation:

The flow of costs reflects the way or route in which costs travel from a department to others inside a business cycle. This usually applies to manufacture companies where it is needed to appraise the<em> raw materials, work in process, finished goods supply, </em>and <em>cost of goods sold</em>. The flow of costs can be used in other processes where costs are inherently attached like labor.

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