Hi..
Following process is common closing sequence.
1.PM order settlement
2.FI depreciation run
3.FI expense closing
4.CO allocation cycle execute
5.Splitting & Price Calculation
6.Revaluation at actual price
7.Overhead calculation(If you costing sheet)
8.WIP calculation
9.Variances calculation
10.Production order settlement
11.Material ledger closing(If you use Material ledger)