The Work in Process Inventory account is found only in the ledgers of manufacturing companies.

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The Work in Process Inventory account is a common account found in the ledgers of manufacturing companies, as it records the costs of partially completed products that are still being worked on in the production process. It is not commonly found in the ledgers of service or merchandising companies, as they do not typically have a production or manufacturing process.

The Work in Process Inventory Account Is Found Only in the Ledgers