A process costing system:

a. does not use a Work in Process account in any form.

b. uses a separate Work in Process account for each processing department

c. uses a single Work in Process account for the entire company

d. uses a separate Work in Process account for each type of product produced.

Question

Business

Rene Ward

27 May, 15:17

A process costing system:

a. does not use a Work in Process account in any form.

b. uses a separate Work in Process account for each processing department

c. uses a single Work in Process account for the entire company

d. uses a separate Work in Process account for each type of product produced.

+1

Answers (1)

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Alena · Answer 1

d. uses a separate Work in Process account for each type of product produced

Explanation:

Process Costing Accumulates product cost by keeping track of cost incurred in the processing of each product.

Products pass various processes which differ from one product to another and thus a separate work in process account is produced for each type of product produced.

A process costing system:a. does not use a Work in Process account in any form.b. uses a separate Work in Process account for each processing departmentc. uses a single Work in Process account for the entire companyd. uses a separate Work in Process account for each type of product produced.