In process costing,companies sometimes ignore work-in-process inventory and assign all production costs to units completed and transferred out.

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This statement is true. When using process costing, it is common for companies to ignore the work-in-process inventory and assign all production costs to units that have been completed and transferred out of the production process. This is because the cost of work-in-process inventory can be difficult to determine and allocate accurately, and so it is often ignored for the sake of simplicity in cost accounting.

In Process Costing,companies Sometimes Ignore Work-In-Process Inventory and Assign All