A process cost system uses just two inventory accounts,raw materials inventoryRaw Materials Inventory and work in process inventoryWork in Process Inventory.

Name: A process cost system uses just two inventory accounts,raw materials inventoryRaw Materials Inventory and work in process inventoryWork in Process Inventory.
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A process cost system also uses a Finished Goods Inventory accounts.In addition,it uses multiple Work in Process Inventory accounts.

A Process Cost System Uses Just Two Inventory Accounts,raw Materials