Explain the distinction between product casts and period costs. Why is this distinction important?

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Financial & Managerial Accounting

ISBN: 9780073526997

15th Edition

Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello

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Question Posted: Nov 22, 2017 08:18 AM

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Explain the distinction between product casts and period costs. Why is this distinction important?

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Product costs are the costs of purchasing or manufacturing inventory Period costs ...View the full answer

Financial & Managerial Accounting

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