LO 5.4Why does each department have its own work in process inventory?

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Business

Alberto James

9 July, 01:35

LO 5.4Why does each department have its own work in process inventory?

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Lennon Meza · Answer 1

Answer and explanation:

Within an organization, each department accumulates its costs in a process cost system to calculate the value of work in process inventory, thus, there will be a process inventory for each manufacturing department along with inventory cost for the inventory of finished goods.