Which of the following statements is incorrect concerning just-in-time (JIT) processing?
A) U.S. firms are switching to JIT processing in response to foreign competition.
B) JIT manufacturing is dedicated to producing the right products at the right time as they are needed.
C) JIT strives to eliminate inventories by using a "push" approach in manufacturing.
D) JIT accounting creates a Raw and In-Process Inventory account.

Question

Quizplus · Accepted Answer

JIT strives to eliminate inventories by using a "pull" approach in manufacturing, not a "push" approach. The other statements are correct- U.S. firms are adopting JIT in response to foreign competition, JIT manufacturing aims to produce the right products at the right time, and JIT accounting includes a Raw and In-Process Inventory account.

Which of the Following Statements Is Incorrect Concerning Just-In-Time (JIT)