In a just-in-time costing system, the entry to record actual conversion costs incurred would include which of the following?
A) Credit to raw and in process inventory
B) Debit to raw and in process inventory
C) Debit to conversion costs
D) Credit to work in process inventory

Question

Quizplus · Accepted Answer

In a just-in-time costing system, actual conversion costs incurred are recorded by debiting the conversion costs account, reflecting the expenses incurred for labor and overhead.

In a Just-In-Time Costing System, the Entry to Record Actual