Question $1(1$ point$)$

How would the following costs be classified $($product or period$)$ under variable costing at a

retail clothing store?

Cost of purchasing clothing is a period cost; cost of sales commissions is a

product cost

Cost of purchasing clothing is a period cost; cost of sales commissions is a

product cost

Cost of purchasing clothing is a product cost; cost of sales commissions is a

product cost

Cost of purchasing clothing is a product cost; cost of sales commissions is a

period cost