Which of the following is the proper flow of costs when recording transactions in a job order costing system?
1) Direct materials, direct labor, manufacturing overhead, finished goods inventory, cost of goods sold
2) Direct labor, direct materials, manufacturing overhead, finished goods inventory, cost of goods sold
3) Direct materials, manufacturing overhead, direct labor, finished goods inventory, cost of goods sold
4) Direct labor, manufacturing overhead, direct materials, finished goods inventory, cost of goods sold