Which of the following is correct concerning the number of Work in Process accounts used by job-order and process cost systems?
A)job-order = several; process cost = one
B)job-order = one control account for each job; process cost = one for each process
C)job-order = one control account; process cost = one for each process
D)job-order = none; process cost = several

Question

Quizplus · Accepted Answer

In job-order costing, there is typically one WIP account to track all jobs in process, while in process costing, there is one WIP account for each process being tracked. Therefore, option C - job-order = one control account; process cost = one for each process - is the correct answer.

Which of the Following Is Correct Concerning the Number of Work