Question $14$

Which of the following correctly orders the way materials move through the accounting system of a manufacturing company?

Raw materials, cost of goods sold, work in process $($WIP$),$ finished goods

Raw materials, work in process $($WIP$),$ finished goods, cost of goods sold

Raw materials, work in process $($WIP$),$ cost of goods sold, finished goods

Raw materials, finished goods, work in process $($WIP$),$ cost of goods sold