Accounting is simplified in the JIT system by the use of backflush costing.

Name: Accounting is simplified in the JIT system by the use of backflush costing.
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Backflush costing is a simplified accounting system used in JIT manufacturing, where costs are only recorded when production is completed and goods are sold or moved to the next production process. This eliminates the need for traditional cost accounting methods such as tracking individual parts and labor costs.

Accounting Is Simplified in the JIT System by the Use