Required Indicate whether each of the following costs is a product cost or a period (selling and
Question:
Required
Indicate whether each of the following costs is a product cost or a period (selling and administrative) cost:
a. Goods purchased for resale.
b. Salaries of salespersons.
c. Advertising costs.
d. Transportation-out.
e. Interest on a note payable.
f. Salary of the company president.
g. Transportation-in.
h. Insurance on the office building.
i. Office supplies.
j. Costs incurred to improve the quality of goods available for sale.
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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