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Which of the following is NOT a characteristic of product costs? These costs get recognized as expenses immediately as incurred. The costs go into inventory

Which of the following is NOT a characteristic of product costs?

These costs get recognized as expenses immediately as incurred.

The costs go into inventory until the product is sold and then the expense flows through Cost of Goods Sold.

They include items such as raw materials, direct labor and manufacturing overhead costs.

They may include overhead costs allocated using a predetermined rate.

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