Question 6 Product costs that have become expenses can be found in: O selling expenses. cost of goods sold. administrative expenses. period costs. « Previous
Question 6 Product costs that have become expenses can be found in: O selling expenses. cost of goods sold. administrative expenses. period costs. « Previous
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Question 6
Product costs that have become expenses can be found in:
O selling expenses.
cost of goods sold.
administrative expenses.
period costs.
« Previous](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F537cca7c-787a-475d-9aba-926e9a602de3%2Fd4b778d0-968c-43e0-b919-bc1d339ad37a%2Ffgl3rsa.jpeg&w=3840&q=75)
Transcribed Image Text:Question 6
Product costs that have become expenses can be found in:
O selling expenses.
cost of goods sold.
administrative expenses.
period costs.
« Previous
Expert Solution
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Step 1 Introduction
The product cost is the cost including in the manufacturing process of the production. Example, direct labor cost, direct materials, etc.
The period cost is the total cost that is to be expensed in the period, it is incurred. Example, selling and administrative expenses, etc.
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