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Why is it important to sort costs into product costs and period costs? What are some product costs related to McDonalds French fries? What are

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

What are some product costs related to McDonalds French fries?

What are some period costs related to the manufacture and sale of McDonalds French fries?

If a serving of McDonalds fries cost the consumer $1.79, how would you estimate the breakdown of costs and profit to McDonalds?

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