Arrange the following in sequence for operating cycle of manufacturing business.

A. Work in progress

B. Raw material

C. Sales

D. Finished goods

Choose the correct answer from the options given below:

B, A, D, C

The correct answer is option (2) - B, A, D, C

• B. Raw material: Initial stage where raw materials are acquired.
• A. Work in progress: The raw materials are processed and become work in progress.
• D. Finished goods: Work in progress is completed, leading to finished goods.
• C. Sales: The finished goods are sold in the market.