If a company has ending work in process inventory,it is helpful use the 5-step process costing procedure to determine the cost of making one unit.

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The 5-step process costing procedure includes calculating equivalent units, computing cost per equivalent unit, assigning costs to units completed and ending work in process, and reconciling total costs. By using this procedure, a company can determine the cost of making one unit, including the cost of ending work in process inventory.

If a Company Has Ending Work in Process Inventory,it Is