The existence of ending Work In Process Inventory necessitates the use of the 5-step process costing procedure.

Name: The existence of ending Work In Process Inventory necessitates the use of the 5-step process costing procedure.
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Ending work in process inventory means that some units have been started in one accounting period and completed in the next, which requires the use of the 5-step process costing procedure to determine the cost per equivalent unit and allocate costs between the two periods.

The Existence of Ending Work in Process Inventory Necessitates the Use