Under process costing,direct materials and direct labor are assigned to Work-in-Process Inventory for each process that uses them.

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In process costing, direct materials and direct labor costs are assigned to Work-in-Process (WIP) Inventory for each process that uses them. This allows for accurate tracking of the costs incurred during each stage of production. Additionally, overhead costs are also allocated to WIP Inventory using an appropriate allocation method. Once a process is complete, the total cost incurred is divided by the number of units produced during that process to determine the cost per unit. This unit cost is then transferred to the next process until the final product is completed.

Under Process Costing,direct Materials and Direct Labor Are Assigned to Work-In-Process