In a JIT manufacturing environment,product costing information is least important for use in
A)work in process inventory valuation.
B)pricing decisions.
C)product profitability analysis.
D)make-or-buy decisions.

Question

Quizplus · Accepted Answer

In a JIT (Just-In-Time) manufacturing environment, the goal is to minimize inventory levels, including work in process inventory. Therefore, the valuation of work in process inventory becomes less critical compared to other uses of product costing information such as pricing decisions, product profitability analysis, and make-or-buy decisions, which are essential for strategic and operational decisions.

In a JIT Manufacturing Environment,product Costing Information Is Least Important