Question: Indicate the answer choice that best completes the statement or answers the question. 1. Which of the following is the order in which cost elements

 Indicate the answer choice that best completes the statement or answers

Indicate the answer choice that best completes the statement or answers the question. 1. Which of the following is the order in which cost elements flow through accounts until they are recognized as an expense? a. Work-in-Process, Finished Goods, Cost of Goods Sold b. Finished Goods, Cost of Goods Sold, Work-in-Process c. Raw Materials, Work-in-Process, Purchase Returns d. Work-in-Process, Unsold Goods, Finished Goods Inhor cost of $19.800

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