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Sunday, January 30, 2011

Manufacturing Cost Flow

Solution is available here for U$0.25
Which of the following is the correct flow of manufacturing cost?
a. Raw materials, work in process, finished goods, cost of goods sold
b. Raw materials, finished goods, cost of goods sold, work in process
c. Work in process, finished goods, raw materials, cost of goods sold
d. Cost of goods sold, raw materials, work in process, finished goods