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the correct order of cost flows in a job order costing system is: multiple choice question. work in process; finished goods, cost of goods sold cost of goods sold, work in process, finished goods cost of goods sold, finished goods, work in process finished goods, work in process; cost of goods sold

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The erection of a new campus structure. The costs are applied to each job in a job order costing.

How does a job order cost system's cost flow work?

In a job costing system, costs such as direct labor, machine hours, and manufacturing overhead are assigned to the project via a job cost tracking sheet and tracked from raw materials to finished goods. The final step is to determine a selling price for the manufactured good using the costs.

Which occurs first in the cost flow?

Understanding Cost Flow The evaluation of the raw materials used in manufacturing is the first step in the flow of expenses. The cost flow subsequently shifts to the inventory of work-in-progress. The price of the personnel and equipment used in production, as well as any overhead charges, are added.

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