Companies using JIT production systems usually have very small inventories or no inventories at all. As a

Question:

Companies using  JIT production systems usually have very small inventories or no inventories at all. As a result, a traditional accounting system may be inappropriate. Many of these companies have adopted backflush-costing systems. Do backflush-costing systems work only for companies using a JIT production system? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction To Management Accounting

ISBN: 9781292412566

17th Edition, Global Edition

Authors: Charles Horngren, Gary L Sundem, Dave Burgstahler

Question Posted: