Just as in job costing, the manufacturing costs flow through the inventory accounts in the following order: raw materials → work in process → cost of goods sold → finished goods.

Name: Just as in job costing, the manufacturing costs flow through the inventory accounts in the following order: raw materials → work in process → cost of goods sold → finished goods.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The correct order is raw materials → work in process → finished goods → cost of goods sold.

Just as in Job Costing, the Manufacturing Costs Flow Through