What is meant by the term product costs

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What is meant by the term product costs? What is meant by the term period costs? Why does it matter whether a cost is a product cost or a period? Use examples of each to demonstrate your understanding.

Reference no: EM133617432

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What is meant by the term product costs : What is meant by the term product costs? What is meant by the term period costs? Why does it matter whether a cost is a product cost or a period?

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