In process costing, a separate work in process inventory account is maintained for each process.

Name: In process costing, a separate work in process inventory account is maintained for each process.
Brand: Quizplus
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Quizplus · Accepted Answer

In process costing, each process has its own work in process inventory account to track the cost of production for that specific stage of production. This allows for accurate tracking of costs and helps to identify any issues or inefficiencies in the production process.

In Process Costing, a Separate Work in Process Inventory Account