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Industries That Typically Use Process Cost Systems Include Chemicals, Oil

question 159

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Industries that typically use process cost systems include chemicals, oil, metals, food, paper, and pharmaceuticals.

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Definitions:

Reddish Streak

The color mark left by a mineral when it is dragged across an unglazed porcelain plate.

Hematite

An iron oxide mineral that is one of the main ores of iron, recognized by its reddish-brown color.

Magnetite

A naturally occurring magnetic mineral, consisting of iron oxide, often mined as an iron ore.

Perpendicular Directions

This refers to two lines or directions that intersect at a 90-degree angle.

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