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Classify each of the following costs as either a product cost or a period cost for a manufacturer. 1. Advertising. Period cost 2. Factory

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Classify each of the following costs as either a product cost or a period cost for a manufacturer. 1. Advertising. Period cost 2. Factory insurance. Product cost 3. Direct materials used in making goods. 4. Sales commissions. Period cost 5. Depreciation on factory equipment. 6. Depreciation on office equipment. 7. Indirect labor used in making goods. 8. Tax accountant salary. Product cost

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