Question: Consider the following budgets: (1) Direct materials (2) Income statement (3) Production (4) Cost of goods sold In what order should these budgets be prepared?

Consider the following budgets: (1) Direct materials (2) Income statement (3) Production (4) Cost of goods sold In what order should these budgets be prepared? A. 2, 3, 1, 4 B. 3, 1, 4, 2 C. 1, 3, 4, 2 D. 3, 4, 1, 2

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