Why do just-in-time manufacturers use a raw and in process inventory account, rather than separately reporting materials

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Why do just-in-time manufacturers use a “raw and in process inventory” account, rather than separately reporting materials and work in process?

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Financial and Managerial Accounting

ISBN: 978-1285078571

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jun 27, 2014 03:52 AM

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Why do just-in-time manufacturers use a raw and in process inventory account, rather than separately reporting materials

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Raw and in process inventory is the inventory account in the ju...View the full answer

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