Answered: Product costs that have become expenses…

Product costs that have become expenses can be found in: Multiple Choice cost of goods sold. period costs. administrative expenses. selling expenses.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 5Q: Why are product costs assigned to the product and period costs immediately expensed?

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Product costs that have become expenses can be found in:
Multiple Choice
cost of goods sold.
period costs.
administrative expenses.
selling expenses.

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