13) When goods are transferred from the Work-in-Process Inventory account to the Finished Goods Inventory account, A) total assets and total liabilities increase by the same amount B) total equity and total assets increase by the same amount C) total assets of the company remain constant D) total liabilities increase and total equity decreases by the same amount 15) Which of the following correctly describes Just-in-Time (JIT) Management? A) It is a production approach that maintains surplus goods at each stage of manufacture. B) It is an inventory approach that stockpiles raw materials to protect against supply interruptions. C) It helps managers cut costs by speeding the transformation of raw materials into finished products.. D) It is a cost management approach that focuses on maintaining large finished goods invento levels