Question

A process costing system: Multiple Choice uses a separate Work in Process account for each type of product produced. does not use a Work in Process account in any form. uses a single Work in Process account for the entire company. uses a separate Work in Process account for each processing department.

Answer 1

Answer:

uses a separate Work in Process account for each processing department.

Explanation:

The process costing system refers to the costing system at which the same or the identical products in bulk size are produced

It consists of various processing departments through which the product passes. It transferred from one process department to the other processing department once the completion of one process department is finished. Moreover, it uses a separate work in process account for each processing department