Solution-Write a paragraph elaborating on the justification

Write a paragraph elaborating on the justification provided

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Reference no: EM13934497

At Star Plastics, the balance in manufacturing overhead (which represents over or under applied overhead) is always closed to Cost of Goods Sold. This is done even when the balance is relatively large. Suzette Barger, the controller, explains that this makes sense because Star uses a justintime (JIT) manufacturing system and jobs are shipped to customers within hours of being completed.

Required:

Write a paragraph elaborating on the justification provided by Suzette Barger. Why is there no need to apportion the balance in manufacturing overhead among work in process, finished goods, and cost of goods sold?

Reference no: EM13934497

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Write a paragraph elaborating on the justification provided

Reference no: EM13934497

Reference no: EM13934497

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