Which account is used in just-in-time processing?
A) Raw Materials Inventory
B) Work-in-Process Inventory
C) Merchandise Inventory
D) Raw and In-Process Inventory

Question

Quizplus · Accepted Answer

Just-in-time (JIT) processing aims to reduce inventory levels by purchasing and producing goods only as needed for production and sales. Therefore, it involves both Raw Materials Inventory and Work-in-Process Inventory, making "Raw and In-Process Inventory" the correct choice.

Which Account Is Used in Just-In-Time Processing