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3. Define and contrast period costs and product costs. How are they reported in the financial statements of a manufacturing company? (1 point) 4. What

3. Define and contrast period costs and product costs. How are they reported in the financial statements of a manufacturing company? (1 point) 4. What are the three types of inventories that are carried by manufacturers? Describe each type of inventory. (1 point)

What are the three types of inventories that are carried by manufacturers? Describe each type of inventory.

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