The Following Transactions Take Place After the Implementation of JIT

question 27

Multiple Choice

The following transactions take place after the implementation of JIT: What will be the entry to record materials placed into production using the backflush approach?

• A) Materials and in Process Inventory 75,000 Work-in-Process Inventory 75,000
• B) Materials Inventory 75,000 Accounts Payable 75,000
• C) Work-in-Process Inventory 75,000 Materials and in Process Inventory 75,000
• D) No entry is required

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Definitions:

Alcoholics

Individuals suffering from alcoholism, a chronic disease characterized by uncontrolled drinking and a preoccupation with alcohol.

Fetal Size

A measure of the size of a fetus within the womb, usually assessed through ultrasound and used to monitor healthy development during pregnancy.

Ultrasound

A medical imaging technique that uses high-frequency sound waves to produce images of structures within the body.

Pregnant Patient

A female who is expecting a baby and is under medical care for her pregnancy.