In a typical manufacturing process, the physical flows in the production processes are:

Material Inventory $$ Cost of Goods Manufactured $$ Finished Goods.

Material Inventory $$ Work$-$in$-$Process inventory $$ Finished Goods Inventory $$ Cost of Goods Sold.

Work$-$in$-$Process Inventory $$ Material Inventory $$ Finished Goods Inventory $$ Cost of Goods Sold.

Finished Goods Inventory $$ Cost of Goods Manufactured $$ Cost of Goods Sold

None of the above.