When there is no work in process inventory at the end of a period,cost accumulation and reporting is extremely easy under process costing,as the product costs are simply added up and divided evenly among the products produced.

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This statement is true. When there is no work in process inventory at the end of a period in process costing, the product costs are simply added up and divided evenly among the products produced, making cost accumulation and reporting easy.

When There Is No Work in Process Inventory at the End