All of the following accounts would be used in a backflush costing system EXCEPT:
A) work in process inventory.
B) finished goods inventory.
C) raw and in process inventory.
D) conversion costs.

Question

Quizplus · Accepted Answer

Backflush costing simplifies the accounting process by not tracking costs in the work in process inventory account. Instead, it directly assigns costs to finished goods and cost of goods sold.

All of the Following Accounts Would Be Used in a Backflush