Which ONE of the following is the most common sequence of the FLOW of costs through a job order cost system? First, purchase raw materials; then transfer raw materials to production; then add direct labor and manufacturing overhead costs; then transfer the cost of completed goods to finished goods inventory; finally, sell goods and transfer cost to cost of goods sold First, purchase raw materials; then sell goods and transfer cost to cost of goods sold; then transfer the cost of completed goods to finished goods inventory; then transfer raw materials to production; finally, add direct labor and manufacturing overhead costs First, add direct labor and manufacturing overhead costs; then transfer the cost of completed goods to finished goods inventory; then purchase raw materials; then transfer raw materials to production; finally, sell goods and transfer cost to cost of goods sold First, transfer the cost of completed goods to finished goods inventory; then purchase raw materials; then transfer raw materials to production; then sell goods and transfer cost to cost of goods sold; finally, add direct labor and manufacturing overhead costs