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Backflush Costing in Just-In-Time Accounting by PANELA, Jericho F. is a document available to read on EtoBox.

What is Backflush Costing in Just-In-Time Accounting about?

Just-in-time accounting is a strategy for managing inventory that links ordering raw materials to production scheduling. It aims to receive raw materials and complete parts just in time for the next production step. Using a demand-pull system, each component is produced as needed by the next production line step. Backflush costing is an accounting method commonly used in just-in-time systems where costs are only recorded after a good is produced, completed or sold rather than tracking work-in-process. It si

Author

PANELA, Jericho F.

Language

EN