In the flow of costs, which of the following comes last?

Name: In the flow of costs, which of the following comes last?
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Question

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Cost of goods sold represents the cost of the goods that have been sold and is the last step in the flow of costs. Raw materials inventory represents the beginning of the flow of costs as materials are purchased, followed by work in process inventory as materials are used in production, and finished goods inventory as the completed products are held before sale.

In the Flow of Costs, Which of the Following Comes