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distinguish between the manufacturing vs non-manufacturing classification of costs and the period vs product classification of costs. please explain In many cases, these classifications are

distinguish between the manufacturing vs non-manufacturing classification of costs and the period vs product classification of costs. please explain

In many cases, these classifications are interchangeable. However, there may be instances in which a cost would be classified one way for internal reporting and another for external reporting because the latter requires the use of GAAP (product vs period cost)

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