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QUESTION ANSWER Which statement is true about just - in - time costing? All of the statements are true. It is also sometimes called backflush

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Which statement is true about just-in-time costing?
All of the statements are true.
It is also sometimes called backflush costing because it works backwards.
It has a Work-in-Process Inventory account.
It does NOT have a Finished Goods account.
IDON'T KNOWYET
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