cost case 7

cost case 7 - handling is $220,000 $20,000 accounts for...

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7.) The Just-In-Time (JIT) purchasing is a production and inventory control system in which materials are purchased and units are produced only as needed to meet actual customer demand. If inventories are low, accountants can spend less time on inventory valuation for external reporting and more time on managerial activities. The total cost for material receiving and
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Unformatted text preview: handling is $220,000. $20,000 accounts for receiving and $200,000 accounts for the handling. The just-in-time costs will total $140,000. I conclude that Tijuana Bronze machining buys in bulk....
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