Which of the following represents the correct sequence of the flow of costs in a typical manufactur-

ing company? The solution is on

a. Direct materials, cost of goods sold, work-in-process inventory, finished goods inventory

b. Direct materials, work-in-process inventory, cost of goods sold, finished goods inventory

c. Direct materials, work-in-process inventory, finished goods inventory, cost of goods sold

d. Work-in-process inventory, direct materials, finished goods inventory, cost of goods sold