Question: 1. Why does a process costing system use multiple Work in Process Inventory accounts while a job costing system uses only one Work in Process

1. Why does a process costing system use multiple Work in Process Inventory accounts while a job costing system uses only one Work in Process Inventory account?

2. What is an equivalent unit? Give examples. Why is it necessary to use equivalent units in process costing?

Please help me. I've been waiting for this answer for a really, really long time and I need to understand these concepts..

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