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Classify each of the following costs as a period cost (nonmanufacturing) or a product cost(manufacturing). 1. Research and development costs 2. Wood used in production
Classify each of the following costs as a period cost (nonmanufacturing) or a product cost(manufacturing). 1. Research and development costs 2. Wood used in production 3. Wages paid to security guards of the factory 4. Depreciation on factory equipment 5. Cost of shipping a product to a customer A. product B. period
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