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which of the following statements are true? Inventoriable costs are expensed in the period in which they are incurred. Classifying a cost a product or

which of the following statements are true?
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Inventoriable costs are expensed in the period in which they are incurred. Classifying a cost a product or period can impact reported profitability. The distinction between product and period costs has more to do with financial accounting than managerial accounting. All costs in a merchandising company are considered to be period costs

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