Unlike a job order costing system, a process costing system is not restricted to one Work in Process Inventory account.

Name: Unlike a job order costing system, a process costing system is not restricted to one Work in Process Inventory account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a process costing system, each department or process may have its own Work in Process Inventory account, whereas in a job order costing system, there is typically only one Work in Process Inventory account for the entire company.

Unlike a Job Order Costing System, a Process Costing System