Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Prior to being recorded on the income statement, manufacturers' product costs flow through ______. multiple select question.
a. cost of goods sold
b. finished goods
c. work in process
d. raw materials

Sagot :

mdrdncz

A manufacturers' product costs flow through raw materials, work in process (or work in progress), and finished goods prior to being recorded on the income statement. So, yes, the answers are B, C, and/or D. Cost of Goods Sold is not included.

While work in process, also known as WIP, refers to the products being manufactured, raw materials are the components that go into the finished product. The finished goods, however, are the manufacturer's final products.

Costs of goods are passed through inventory accounts until they are sold, at which point they are compared to sales on the income statement.

Discover the correct sequence of the flow of costs for a manufacturing firm:  https://brainly.com/question/13775569

#SPJ4

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.