In a process costing system,the number of WIP inventories:

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Quizplus · Accepted Answer

In a process costing system, WIP inventories are maintained for each production department. Each department can have its own unique WIP inventory, depending on the stage of completion of the products being processed in that department. Therefore, the number of WIP inventories equals the number of production departments. The other options are incorrect. The number of products produced may not necessarily equal the number of WIP inventories, as some products may be completed while others are still in process. The number used in a job cost system is irrelevant to WIP inventories in a process costing system. The number of parts used in the product is also unrelated to the number of WIP inventories in a process costing system.

In a Process Costing System,the Number of WIP Inventories