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What is a product cost? What is a period cost? Why is it important to sort costs into product costs and period costs? What are

What is a product cost?

What is a period cost?

Why is it important to sort costs into product costs and period costs?

What are some product costs related to Dunkin' donuts?

What are some period costs related to the manufacture and sale of Dunkin' donuts? (Use your imagination.)

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