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Quotes of the day:
Everyone got caught up in the debate of deflation, Greece and the Ukraine crisis and so expectations were quite low, it now seems the deflation story is a positive one for the euro zone since cheaper oil means consumers spend less on energy and have more money in their purse.
Backflush costing is a product costing system generally used in a just-in-time (JIT) inventory environment. In short, it is an accounting method that records the costs associated with producing a good or service only after they are produced, completed, or sold.
Just in Time and Backflush Costing
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