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Classify each of the following costs as a product cost or period cost. If it is a product cost, classify it as direct (or indirect)
Classify each of the following costs as a product cost or period cost. If it is a product cost, classify it as direct (or indirect) materials, direct (or indirect) labor, or overhead.Select 1 or more answers.
Question: Wheat used to make flour at General Mills.
1. Period cost
2. Direct material cost
3. Overhead cost
4. Product cost
5. Indirect material cost
6. Indirect labor cost
7. Direct labor cost
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