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Achievement Test 2: Chapters 3-4 Name Managerial Accounting, 6e Instructor Section # Date Part I II III IV V Total Points 30 10 25 20 15 100 Score PART I — MULTIPLE CHOICE (30 points) Instructions: Designate the best answer for each of the following questions. ____ *1. In a JIT cost accounting system, a. no inventories are kept on hand. ................
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