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Which of the following properly describes product costs? Select one: a. Product costs will include marketing expense b. Product costs are immediately expensed on the

Which of the following properly describes product costs?

Select one:

a. Product costs will include marketing expense

b. Product costs are immediately expensed on the income statement when incurred

c. Product costs are not recorded as inventory, but are immediately recorded as COGS

d. Product costs are regarded as inventory

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