Which of the following statements are true? 1. In a manufacturing company, all costs are period costs. 2. Selling and administrative expenses are period costs under generally accepted 3. The cost of shipping parts from a supplier is considered a period cost.

Which of the following statements are true? 1. In a manufacturing company, all costs are period costs. 2. Selling and administrative expenses are period costs under generally accepte 3. The cost of shipping parts from a supplier is considered a period cost