Components of Full Costs: For external financial reporting, all costs of manufacturing the product are product costs

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Components of Full Costs: For external financial reporting, all costs of manufacturing the product are product costs (that is, they are inventoriable). (See Illustration 2-1.)

Required: Using the data from exercise 2-20. what are the following:

a. Product cost per unit.

b. Period costs for the period.

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Cost Accounting

ISBN: 9780256069198

3rd Edition

Authors: Edward B. Deakin, Michael Maher

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