10. Which of the following best describes a period cost? a. b. A cost that relates to a time period which is deducted as expenses for the period and is not included in the inventory valuation A cost that can be easily allocated to a particular period, without the need for arbitrary apportionment between periods A cost that is identified with a unit produced during the period, and is included in the value of inventory. The cost is treated as an expense for the period when the inventory is actually sold. A cost that is incurred regularly everv period, e.g., every month or quarter