Connect Access Card For Fundamental Accounting Principles
Connect Access Card For Fundamental Accounting Principles
24th Edition
ISBN: 9781260158526
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter D, Problem 2E
To determine

Lean Production Process:

In this production process first the customer gives the requirement and basis on which raw material is ordered just in time and all production process are at one location resulting in faster output. The inspection is done by each employee for his process and the goods are sent to next process with zero defect. This is also called pull production and the characteristics are customized products with zero defects with small batch sizes and delivered directly from factory to customer

Journal entries as per lean accounting

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The KEY to Understanding Financial Statements; Author: Accounting Stuff;https://www.youtube.com/watch?v=_F6a0ddbjtI;License: Standard Youtube License