How to costs classified as product costs


The list of costs incurred by several business organizations. Classify each of the costs below as product costs or period costs. For those costs classified as product costs, indicate whether the product cost is a direct materials cost, direct labor cost, or factory overhead cost. For those costs classified as period costs, indicate whether the period cost is a selling expense or an administrative expense.

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Accounting Basics: How to costs classified as product costs
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