Question: Explain briefly the difference between a product cost and a period cost. - Is it possible for costs such as salaries or depreciation to end

Explain briefly the difference between a product cost and a period

Explain briefly the difference between a product cost and a period cost. - Is it possible for costs such as salaries or depreciation to end up as assets on the balance sheet? Explain. What are the three major elements of product costs in a manufacturing company

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