Chapter C, Problem 9DQ

To determine

Concept introduction:

Lean Accounting:

Lean accounting refers to the modern time accounting system which helps in maintaining accounting data in much comparative manner. In other words, we can say that lean accounting system focus on the maximization of recording efficiency through gathering useful & comparative accounting information. This accounting system is updated version of traditional accounting.

To explain:

The reason Lean accounting system uses Finished Goods Inventory accounts.