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Exercises: 1. Classify the following items as either product costs or period costs: a) depreciation on a vehicle used by the entity's general manager b)

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Exercises: 1. Classify the following items as either product costs or period costs: a) depreciation on a vehicle used by the entity's general manager b) containers used to package finished goods c) salaries of workers handling inventory during production d) general manager's salary e) lease payments on a motor vehicle used by sales representatives f) superannuation contributions for production workers by the entity

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