Unlike job-order costing, process costing requires only one work-in-process account.

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Process costing requires separate work-in-process accounts for each production department or process. This is because the units of production in process costing are typically homogeneous, meaning they are similar or identical, and it is necessary to distinguish where each unit is in the production process. In job-order costing, each job is unique and requires its own work-in-process account.

Unlike Job-Order Costing, Process Costing Requires Only One Work-In-Process Account