ACCOUNTING PRINCIPLES-W/WILEYPLUS
ACCOUNTING PRINCIPLES-W/WILEYPLUS
14th Edition
ISBN: 9781119707158
Author: Weygandt
Publisher: WILEY
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Chapter 19, Problem 5BE
To determine

Product cost: Product cost is the total quantitative value of all the efforts and resources employed in for production. It includes all types of materials and human efforts used by a business.

Period Cost: The cost incurred after the production is sold is called period cost. It includes shipping, selling and office expenses.

To identify: The given costs are product cost or period cost.

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