Should Receivables be closed prior to Costing Close?

Summary:

In the period close documentation (KB29474) Chapter 1 outlines the dependencies of the close process for all the modules. Since recognition of revenue in the receivables (or revenue management) module precedes recognition of COGS in cost management, how will period end COGS be recognized if costing is closed prior to receivables?

Content (please ensure you mask any confidential information):

The steps outlined in the documentation suggests that Costing be closed prior to Receivables. I understand that Costing feeds Projects and Projects needs to close prior to Receivables, so how do we ensure that COGS is recognized in the same period as revenue?