Answered: Which account is not used in JIT…

Which account is not used in JIT costing? Finished Goods Inventory Raw and In-Process Inventory Work-in-Process Inventory Conversion Costs

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 19MC: In a process cost system, factory depreciation expense incurred is debited to _____________________....

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Question

Which account is not used in JIT costing?

Finished Goods Inventory
Raw and In-Process Inventory
Work-in-Process Inventory
Conversion Costs

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