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  3. period costs are: costs expensed on the income sta

period costs are: costs expensed on the income statement when incurred, are added to the cost...

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Accounting

period costs are: costs expensed on the income statement whenincurred, are added to the cost of the inventory, include directlabor, are equal to the product costs?

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A period cost is any cost that cannot be capitalized into prepaid expenses inventory or fixed assets A period cost is more closely associated with the passage of time than with a transactional event    See Answer
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