Several Work in Process Inventory accounts are used in a process costing system.

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In a process costing system, there are typically multiple departments, and each department has its own Work in Process Inventory account. These accounts are used to track the costs associated with goods that are in the production process but have not yet been completed. Therefore, the statement is true that several Work in Process Inventory accounts are used in a process costing system.

Several Work in Process Inventory Accounts Are Used in a Process