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Discuss the difference between product costs and period costs.

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Question added by Gabr Yassen , محاسب مالي , كايرو تريد
Date Posted: 2015/06/08

Period costs are not a necessary part of the manufacturing process. As a result, period costs cannot be assigned to the products or to the cost of inventory. The period costs are usually associated with the selling function of the business or its general administration

A manufacturer's product costs are the direct materials, direct labor, and manufacturing overhead used in making its products

 

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