Under the Just-In-Time Costing System,a Credit Purchase of Raw Materials

question 69

Multiple Choice

Under the just-in-time costing system,a credit purchase of raw materials is recorded by ________.

• A)debiting the Raw Materials Inventory account
• B)crediting the Conversion Costs account
• C)debiting the Raw and In-Process Inventory account
• D)crediting the Cash account

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Definitions:

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