A process costing system:
A)uses a separate Work in Process account for each processing department.
B)uses a single Work in Process account for the entire company.
C)uses a separate Work in Process account for each type of product produced.
D)does not use a Work in Process account in any form.

Question

Quizplus · Accepted Answer

A process costing system uses a separate Work in Process account for each processing department. This allows for more accurate tracking of costs and progress for each individual department.

A Process Costing System