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Determine whether each of the following is a product cost or a period costs. Circle either Period Costs or Product costs as appropriate. The first
Determine whether each of the following is a product cost or a period costs. Circle either Period Costs or Product costs as appropriate. The first one is done as an example. a. Advertising cost Product Costs Period Costs Neither b. Transportation Out Product Costs Period Costs Neither c. Sales Commission Product Costs Period Costs Neither d. Transportation In Product Costs Period Costs Neither e. Cost of purchases for resale (Inventory) Product Costs Period Costs Neither f. Rent of office space Product Costs Period Costs Neither g. Loss on Sale of Land Product Costs Period Costs Neither
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