O Manufacturing Overhead. O Cost of Goods Sold. O Work in Process Inventory-Packaging Department. O Finished Goods Inventory.

Manufacturing firms use which of the following three inventory accounts?   A. Materials, Work-in-process, Transferred-out.   B. Materials, Work-in-process, Finished goods.   C. Materials, Finished goods, Transferred-out.   D. Work-in-process, Finished goods, Transferred-out.

Explain the flow of manufacturing costs through the inventories and into cost of goods sold.

Which of the following is the correct flow of manufacturing costs? Oa. work in process, finished goods, raw materials, cost of goods sold Ob. raw materials, finished goods, cost of goods sold, work in process Oc. raw materials, work in process, finished goods, cost of goods sold Od. cost of goods sold, raw materials, work in process, finished goods