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What is the difference between the accounting treatment for a period cost and a product cost?...

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Accounting

What is the difference between the accounting treatment for aperiod cost and a product cost? What is the difference between"Cost of Goods Manufactured" and "Cost of Goods Sold"? What is thedifference between actual factory overhead (ch. 18 - debit to WIPInventory) and applied/allocated factory overhead (ch. 19 - debitto WIP Inventory).

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What is the difference between the accounting treatment for a period cost and a product cost Accounting treatment of Period cost is considered as an expense Examples of period cost are selling expense administration expense interest expense Product cost should be capitalized as assets Inventory assets until they goods not sold After selling of inventory Product cost should consider as an expense in the income statement Direct material Direct labor and    See Answer
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