Backflush costing
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Backflush costing is costing system that omits recording some of the journal entries relating to the stages from purchase of direct material to the sale of finished goods.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Backflush costing. Costing system that omits recording some of the journal entries relating to the stages from purchase of direct material to the sale of finished goods.
