In process costing,how many Work-In-Process Inventory accounts are used?
A) none
B) only one
C) one for each processing department
D) at least two for each processing department

Question

Quizplus · Accepted Answer

In process costing, one Work-In-Process Inventory account is used for each processing department. This allows managers to track the costs associated with each stage of production, and see where costs are being incurred.

In Process Costing,how Many Work-In-Process Inventory Accounts Are Used