Which of the Following Statements Accurately Describes Manufacturing Cost Flows

Multiple Choice

Which of the following statements accurately describes manufacturing cost flows in a just-in-time (JIT) environment?

A) Direct labor and overhead are maintained in a work in process account for long periods of time.
B) There is little need to maintain a cost of goods sold account.
C) There is little need to maintain raw materials, work in process, or finished goods accounts.
D) Manufacturing costs are maintained in the finished goods account for long periods of time.