Backflush Costing

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August 24, 2024 3 min read Definitions
Backflush Costing: Definition, Process, and Application in JIT Inventory Systems
Economics Accounting Finance Backflush Costing JIT Inventory Management Cost Accounting Manufacturing
Backflush costing is a product costing approach used in just-in-time (JIT) operating environments, where costing is delayed until goods are finished. This article explores its definition, process, benefits, and application in inventory management.
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