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The Following Transactions Take Place After the Implementation of JIT

Question 27

Multiple Choice

The following transactions take place after the implementation of JIT: 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 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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