In a process costing system with a series of manufacturing processes, each manufacturing process will have a WIP inventory account.

Name: In a process costing system with a series of manufacturing processes, each manufacturing process will have a WIP inventory account.
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In a process costing system, each manufacturing process will have its own WIP inventory account to track the costs associated with that process. This allows for more accurate costing and cost control throughout the production process.

In a Process Costing System with a Series of Manufacturing