Which of the following journal entry components is not applicable to recording the cost of completed products using just-in-time accounting?
A) A debit to the finished goods inventory account.
B) A credit to the conversion costs account.
C) A credit to the raw and in-process inventory account.
D) A debit to the manufacturing overhead account.

Question

Quizplus · Accepted Answer

In just-in-time accounting, manufacturing overhead is not debited when recording the cost of completed products; instead, costs are directly allocated to finished goods or cost of goods sold.

Which of the Following Journal Entry Components Is Not Applicable