?

Managerial Accounting

Free Version

Upgrade subject to access all content

Easy

Describe the Nature of Product Costs vs. Period Costs

MGRACT-5CHUFV

Which of these attributes applies to a product cost?

Select ALL that apply.

A

They are all expensed during the period.

B

They are first recorded in the Inventory account.

C

The cost of freight-in is included as a part of the product cost.

D

The cost of freight-out is included as a part of the product cost.