Backflush costing eliminates the need to make journal entries during the period to track cost flows through the production process as the product is made.

Name: Backflush costing eliminates the need to make journal entries during the period to track cost flows through the production process as the product is made.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Backflush costing uses predetermined calculations to automatically allocate costs to inventory accounts, eliminating the need for manual journal entries during the production process.

Backflush Costing Eliminates the Need to Make Journal Entries During