Which of the following inventory accounts is $\textbf{ not }$ used in a process costing system?

Question

Which of the following inventory accounts is $\textbf{      not   }$  used in a process costing system?

Quizplus · Accepted Answer

In a process costing system, the cost of goods sold account is not used as the cost of production is allocated to the work in process and finished goods accounts. The cost of goods sold account is only used when goods are sold to customers. Therefore, option C is not used in a process costing system.

Which of the Following Inventory Accounts Is not \textbf{ not } not

Which of the Following Inventory Accounts Is $\textbf{ not }$