A process costing system:
A) uses a separate Work-in-process account for each processing department.
B) uses a single Work-in-process account for the entire company.
C) uses a separate Work-in-process account for each type of product produced.
D) does not use a Work-in-process account in any form.

Question

Quizplus · Accepted Answer

In a process costing system, each processing department has its own Work-in-process account to track costs as products move through different stages of production.

A Process Costing System