Horngrens managerial chapters 12 edition Chapter 20 S20-2 tracking the flow of c

Question

Horngrens managerial chapters 12 edition Chapter 20 S20-2 tracking the flow of costs

The Mendez Toy company makes wooden toys. The company uses a process costing system. Arrange the company's accounts in the order the production costs are the MOST likely to flow, using 1 for the first account, 2 for the second, and so on.

I think as according to the chart on pg. 1064 chapter 20. Please Check and compare my answers.

ORDER ACCOUNT 1st Work in process Inventory-packaging 5th Costs of Goods Sold 2rd Work-in-process inventory-Cutting 3rd Work-in-Process inventory-Finishing 4th Finished Goods inventory

Explanation / Answer

Answer:-

Order Account 3rd Work in process Inventory-packaging 5th Costs of Goods Sold 1st Work-in-process inventory-Cutting 2nd Work-in-Process inventory-Finishing 4th Finished Goods inventory

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