In a process costing system with multiple departments,one Work-in-Process Inventory account is maintained and the costs are transferred when a job is completed.

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In a process costing system with multiple departments, separate Work-in-Process Inventory accounts are maintained for each department, and costs are transferred from one department to another as the production process progresses. When a job is completed, the cost is transferred to Finished Goods Inventory, not to a single Work-in-Process Inventory account.

In a Process Costing System with Multiple Departments,one Work-In-Process Inventory