In Accounting for JIT Operations,the Raw Material Inventory Account

question 19

Multiple Choice

In accounting for JIT operations,the Raw Material Inventory account

• A)is used to record price variances for raw materials purchased.
• B)can be expected to have a larger balance than with traditional manufacturing methods.
• C)is combined with the Work In Process Inventory account.
• D)is combined with the Finished Goods Inventory account.

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