Briefly describe a service company, a merchandising company, and a manufacturing company. Give an example...

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Accounting

Briefly describe a service company, a merchandising company, and a manufacturing company. Give an example of each type of company, but do not use the same examples as given in the chapter.

2. What is meant by the term inventoriable product costs? What is meant by the term period costs? Why does it matter whether a cost is an inventoriable product cost or a period cost?

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