Product and Period Costs Quiz
Test your knowledge of mdct.ru with our product and period costs quiz. This quiz tests if you know whether a cost is normally classified as a product cost or a period cost.
Product costs are costs which a business incurs in producing a product, they become part of the inventory cost in the balance sheet until the product is sold. Period costs are any costs which are not product costs. If you need a refresher course on this topic take a look at our product and period costs tutorial.
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