Classify the following costs as product costs pc or period


Classify the following costs as product costs (PC) or period expenses (PE).

(a) Pears in a fruit cocktail

(f) Fringe benefits -general office

(b) Overtime premium

(g) Workers'compensation

(c) Legal fees

(h) Social Security taxes-direct labor

(d) Insurance on office equipment

(i) Travel expenses

(e) Advertising expenses

(j) Rework on defective products

 

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Accounting Basics: Classify the following costs as product costs pc or period
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