Required information This question set includes retired CMA questions provided by the Institute of Management Accountants for use as additional student practice. Please note that these questions were not author-created and may not align perfectly wit content or terminology in the text What would be the correct chronological order of preparation for the following budgets? 1. Cost of goods sold budget II. Production budget III. Purchases budget IV. Administrative budget Multiple Choice I. H, III, IV I, II, III, IV III, II, IV, I IV, II, III, I II, III, I, IV