Question

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.

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.

Answer 2

The flow of costs in job order costing:

• D. Parallels the physical flow of materials as they are converted into finished goods.

According to the given question, we are asked to show how the  flow of costs in job order costing and how we can better understand this scenario.

As a result of this, we can see that the flow of cost has to do with the stage of production where the costs of production and delivery are calculated and they are parallel to the conversion of materials into finished products.

Therefore, the correct answer is option D

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