In a Just-In-Time Costing System, Any Remaining Balance in the Conversion

question 41

Multiple Choice

In a just-in-time costing system, any remaining balance in the conversion costs account at the end of an accounting period is usually cleared to which account?

• A) Raw and in process inventory
• B) Cost of goods sold
• C) Work in process inventory
• D) Finished goods inventory

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Definitions:

Dissimilar Attitudes

The state of having opinions, feelings, or outlooks that are significantly different from one another.

Physical Attractiveness

The perception of an individual's physical traits as aesthetically pleasing or beautiful.

Moderately Attractive

describing an appearance that many people find pleasing, though not to an extraordinary level or degree.

Dating

A stage in romantic relationships involving social activities done by two people with the aim of assessing each other's suitability as a partner.