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Select the response that best illustrates the point that product cost flows are cyclical and...

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Accounting

Select the response that best illustrates the point that product cost flows are cyclical and occur in a specific sequence. Acquire finished goods, acquire raw materials, convert raw materials, collect cash Acquire raw materials, convert raw materials, sell finished goods, collect cash Sell finished goods, collect cash, acquire raw materials Collect cash, acquire raw materials, sell finished goods

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