In Process Costing,a Separate Work in Process Account Is Kept

question 133

Multiple Choice

In process costing,a separate work in process account is kept for each:

• A) individual order.
• B) equivalent unit.
• C) processing department.
• D) cost category (i.e., materials, conversion cost).

---

Definitions:

Bankruptcy Judge

A specialized judge who presides over bankruptcy cases.

Discharge

The release from legal obligation, such as the completion of a debt payment or the fulfillment of contractual duties.

Sole Proprietor

The owner of a sole proprietorship.

Installment Payments

Payments made regularly (monthly, quarterly, etc.) towards the settlement of a debt, allowing the debtor to pay off the amount owed over time.