If a company has no ending work in process inventory,it must use the 5-step process costing procedure to determine the cost of making one unit.

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Quizplus · Accepted Answer

The 5-step process costing procedure is used to allocate costs in a process costing system, but if there is no ending work in process inventory, the procedure can be simplified as there are no partially completed units to account for.

If a Company Has No Ending Work in Process Inventory,it