What are the major features of a jit production system


Questions:

1. What are the major features of a JIT production system such as that of High Point?

2. Prepare summary journal entries for February. Under- or over allocated conversion costs are closed to Cost of goods sold monthly.

3. Use a T-account to determine the February 29, 2012, balance of Raw and in-process inventory.

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Accounting Basics: What are the major features of a jit production system
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