In a just-in-time (JIT) system, the work in process and raw materials inventory accounts are combined.

Name: In a just-in-time (JIT) system, the work in process and raw materials inventory accounts are combined.
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In a JIT system, inventory is minimized and materials are only ordered or produced when they are needed in the production process. As a result, work-in-process and raw materials inventory accounts are often combined to reflect this lean approach to inventory management.

In a Just-In-Time (JIT) System, the Work in Process and Raw