Period costs are * 2 points O always recorded as assets when first incurred. O all costs in the income statement other than cost of goods sold. O those costs that benefit future periods. defined as manufacturing costs O incurred this period on the schedule of cost of goods manufactured. 2 points Period costs are never included as part of inventory. * True O False 2 points Cost of goods sold refers to the products brought to completion, whether they were started before or during the current accounting period. * O True O False