Question: Cost Flow in Manufacturing: Illustrate how materials, labor, and overhead move through the process to determine the cost of goods manufactured ( COGM ) and

Cost Flow in Manufacturing: Illustrate how materials, labor, and overhead move through the process to determine the cost of goods manufactured (COGM) and cost of goods sold (COGS). Provide a detailed explanation and use examples to demonstrate the flow of costs from raw materials to finished goods and ultimately to COGS.

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