Process costing in a jit environment companies using jit


Question: Process Costing in a JIT Environment Companies using JIT production systems usually have very small inventories or no inventories at all. As a result, a traditional accounting system may be inappropriate. Many of these companies have adopted backflush-costing systems. Do backflush-costing systems work only for companies using a JIT production system? Explain.

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Accounting Basics: Process costing in a jit environment companies using jit
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