The accounting system used with JIT manufacturing is called:
A)Backflush costing.
B)The push system.
C)Perpetual inventory costing.
D)First-in,first-out.

Question

Quizplus · Accepted Answer

The accounting system used with JIT manufacturing is called backflush costing. This system delays the recording of costs until the end of the production process, allowing for a more accurate allocation of costs to the final product. This system avoids the need for perpetual inventory costing and the use of traditional methods like first-in, first-out, and the push system that is used in traditional manufacturing.

The Accounting System Used with JIT Manufacturing Is Called