This module discusses the different types of costs that are found in different types of businesses and how they are applied to jobs. Discuss all of the following:

• The flow of costs from raw materials to cost of goods sold (the flow all the way through the production process until they are sold to a customer) in a manufacturing organization.

• How the cost flows differ in a depending on the type of business (retail organizations, service organizations, and manufacturing organizations).

• How costs flow in your organization based on your understanding of the material.