Select the Response That Best Illustrates the Point That Product

Multiple Choice

Select the response that best illustrates the point that product cost flows are cyclical and occur in a specific sequence.

A) Acquire raw materials, convert raw materials, sell finished goods, collect cash
B) Acquire finished goods, acquire raw materials, convert raw materials, collect cash
C) Sell finished goods, collect cash, acquire raw materials
D) Collect cash, acquire raw materials, sell finished goods