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Forming Department
A specific section within a manufacturing facility where raw materials are shaped or formed into parts for further production processes.
Weighted-Average Method
An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all inventory items.
Assembly Department
A division within a manufacturing facility where components are put together to form a final product.
Materials
Materials refer to the supplies and components used in the production of goods or services, a broader category that includes raw materials and any other consumables in the manufacturing process.
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