The flow of costs in job order costing:

a. is necessary to prepare the cost of goods manufactured schedule.

b. begins as soon as a sale occurs.

c. begins with work in process inventory and ends with finished goods inventory.

d. parallels the physical flow of materials as they are converted into finished goods.

Question

Business

Bridget Best

5 December, 08:49

The flow of costs in job order costing:

a. is necessary to prepare the cost of goods manufactured schedule.

b. begins as soon as a sale occurs.

c. begins with work in process inventory and ends with finished goods inventory.

d. parallels the physical flow of materials as they are converted into finished goods.

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Answers (1)

Know the Answer?

Valeria Moyer · Answer 1

Answer: Parallels the physical flow of materials as they are converted into finished goods.

Explanation:

The flow of cost involves the stages of cost in production: the stages of the cost flow are: expenses of acquiring raw materials, cost on payment of workers, cost on purchase of production equipments, cost of storing finished products and the cost price of finished products.