Question: Learning: Cost Management Systems: Activity - Based Just - In - Time and Quality Management Systems QUESTION Which statement is true about just - in

Learning: Cost Management Systems:
Activity-Based Just-In-Time and Quality
Management Systems
QUESTION
Which statement is true about just-in-time costing?
ANSWER
It has a Work-in-Process Inventory account.
It does NOT have a Finished Goods account.
It is also sometimes called backflush costing because it works backwards.
All of the statements are true.
Learning: Cost Management Systems: Activity-Based Just-In-Time and Quality Management Systems QUESTION

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