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Weighted-Average Method
An inventory costing method that assigns an average cost to each unit of inventory, incorporating all units available for sale.
Processing Department
This refers to a division within a business that handles the processing of materials or information.
Operations
The day-to-day activities necessary for running a company, focused on creating and delivering products or services.
Equivalent Units
A measure used in accounting to express the amount of work done by manufacturers in terms of fully completed output units.
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