41. CSO: 1A3a LOS: 1A3b
What would be the correct chronological order of preparation for the following budgets?
I. Cost of goods sold budget.
II. Production budget.
III. Purchases budget.
IV. Administrative budget.
a. I, II, III, IV.
b. III, II, IV, I.
c. IV, II, III, I.
d. II, III, I, IV.
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