What is the difference between product costs and period


Need some help these question, using own words no copy paste answer.

  • What is the difference between product costs and period costs?
  • What are the components included in each of the three (3) types of inventory in a manufacturing operation?
  • What are the components of the cost of services provided by a service firm?
  • What is the difference between direct and indirect costs? Why is it important to properly identify the differences?
  • Explain why are 'product costs' called inventoriable costs.
  • When are 'product costs' (inventoriable costs) recognized as expenses?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What is the difference between product costs and period
Reference No:- TGS02435751

Now Priced at $25 (50% Discount)

Recommended (99%)

Rated (4.3/5)