Which of the Following Statements Accurately Describes Manufacturing Cost Flows

question 6

Multiple Choice

Which of the following statements accurately describes manufacturing cost flows in a just-in-time (JIT) environment?

• A) Direct labour and overhead are maintained in a work-in-process account for long periods of time.
• B) There is little need to maintain a cost of goods sold account.
• C) There is little need to maintain raw materials,work-in-process,or finished goods accounts.
• D) Manufacturing costs are maintained in the finished goods account for long periods of time.