TOPIC # 1: Please provide one real world example of a product cost or a period cost that a company like Raytheon or Delta Airlines will have on its income statement or balance sheet. In your own words, and drawing on your professional experience, provide a description of the cost and say why you think it is a product or period cost.

Some things to consider - how does this relate to your job? How does this relate to a business that you know about? If you don't have a job, then try to relate the topic to a business or industry that you are interested in.