In accounting for JIT operations,the Raw Material Inventory account
A)is used to record price variances for raw materials purchased.
B)can be expected to have a larger balance than with traditional manufacturing methods.
C)is combined with the Work In Process Inventory account.
D)is combined with the Finished Goods Inventory account.

Question

Quizplus · Accepted Answer

In JIT (Just-In-Time) operations, the Raw Material Inventory account is often combined with the Work In Process Inventory account to streamline the accounting process, reflecting the rapid conversion of raw materials into finished goods without significant delays.

In Accounting for JIT Operations,the Raw Material Inventory Account