If a company has no ending work in process inventory,it must use the 5-step process costing procedure to determine the cost of making one unit.

Question

Quizplus · Accepted Answer

If there is no ending work in process inventory, the company does not need to use the 5-step process costing procedure, as this procedure is primarily used to allocate costs between completed and partially completed units.

If a Company Has No Ending Work in Process Inventory,it