In a process costing system,costs flow into finished goods inventory only from the work in process inventory of the last process.

Question

Quizplus · Accepted Answer

In a process costing system, costs flow into finished goods inventory from the work in process inventory of all the processes involved in the production process. Therefore, the statement that costs flow into finished goods inventory only from the work in process inventory of the last process is false.

In a Process Costing System,costs Flow into Finished Goods Inventory