Under process costing,a single Work-in-Process Inventory account is maintained for all processes,with a subsidiary ledger containing individual production cost reports for each process.

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Under process costing, separate Work-in-Process Inventory accounts are often maintained for each process or department, rather than a single account for all processes. This allows for more detailed tracking and management of costs at each stage of production.

Under Process Costing,a Single Work-In-Process Inventory Account Is Maintained for All