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A Firm That Has Implemented JIT Had the Following Transactions

Question 14

Multiple Choice

A firm that has implemented JIT had the following transactions: A firm that has implemented JIT had the following transactions: What will be the entry to record materials placed into production using the backflush approach? A) Materials and In Process Inventory 40,000 Work-in-process Inventory 40,000 B) Materials Inventory 40,000 Accounts Payable 40,000 C) Work-in-Process Inventory 40,000 Materials and In Process Inventory 40,000 D) No entry is required What will be the entry to record materials placed into production using the backflush approach?


A) Materials and In Process Inventory 40,000 Work-in-process Inventory 40,000
B) Materials Inventory 40,000 Accounts Payable 40,000
C) Work-in-Process Inventory 40,000 Materials and In Process Inventory 40,000
D) No entry is required

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