For each of the following companies,identify whether it is a service,merchandising,or manufacturing business.
Definitions:
Equivalent Units
A concept in cost accounting used to express the amount of work done on partially finished goods, converted to a number of fully finished units.
Processing Department
A specific section within a manufacturing facility focused on a particular stage of production or processing activity, essential for completing the manufacturing of goods.
Weighted-Average Method
An inventory costing method that assigns a cost to inventory items based on the average cost of all similar items purchased or produced.
Equivalent Units
A concept in process costing that quantifies the amount of materials or labor required to complete a unit of production, adjusting for partial completion.
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