Elance Exams Answers PDF file

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Which of the following does NOT describe 'Backflush Costing'?

A product costing system that usually eliminates separate accounting for work-in-process
A product costing system also called delayed costing, endpoint costing or post-deduct costing.
A product costing system generally used in a just-in-time inventory environment or where inventory is kept at a minimum.
A costing system that delays recording changes in the status of a product being produced until good finished units appear
A product costing system that requires detailed tracking of costs throughout the production process
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