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Evaluate the expression.
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Process Costing
A costing method that assigns manufacturing costs to units of product, used when nearly identical products are mass-produced.
Weighted-Average Method
An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all inventory items.
Process Costing
A costing method used where homogeneous products are produced on a continuous basis, costs are averaged over the units produced during the period.
Weighted-Average Method
An inventory valuation method that averages the cost of all similar items in inventory, used to determine the cost of goods sold and ending inventory.
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