A Firm That Has Implemented JIT Had the Following Transactions

question 46

Multiple Choice

A firm that has implemented JIT had the following transactions: Which of the following would NOT be an entry under the backflush system, assuming the second trigger point is the completion of goods?

• A) Materials and In Process Inventory 40,000 Accounts Payable 40,000
• B) Work-in-Process Inventory 40,000 Materials Inventory 40,000
• C) Conversion Cost Control 46,000 Wages Payable 6,000 Accounts Payable 40,000
• D) Cost of Goods Sold 82,000 Finished Goods Inventory 82,000

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Definitions:

Radial Symmetry

Having parts arranged around a central axis, like the spokes of a wheel.

Nerve Net

Of cnidarians and echinoderms, a mesh of interacting neurons with no central control organ.

Neurons

Nerve cells that are the fundamental units of the brain and nervous system, responsible for receiving sensory input from the external world, sending motor commands to our muscles, and transforming and relaying electrical signals at every step in between.

Motor Activity

Bodily movements produced by skeletal muscles that result in energy expenditure, encompassing both deliberate exercise and routine physical activities.