Multiple Choice
What is the correct order in which the flow of costs in a manufacturing organisation occurs?
i. Charge raw materials, direct labour and factory overhead to work in process
ii. Purchase stocks of raw materials
iii. Transfer finished goods to cost of sales
iv. Transfer finished goods to stock of finished goods
A) i, ii, iii, iv
B) ii, i, iii, iv
C) ii, i, iv, iii
D) ii, iii, i, iv
Correct Answer:
Verified
Correct Answer:
Verified
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