Product costs are also known as:
A)Prime costs.
B)Conversion costs.
C)Period costs.
D)Inventoriable costs

Name: Product costs are also known as: A)Prime costs. B)Conversion costs. C)Period costs. D)Inventoriable costs
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Question

Quizplus · Accepted Answer

Product costs, also known as inventoriable costs, are all the costs that are involved in acquiring or making a product. These costs are initially treated as inventory on the balance sheet and then expensed as cost of goods sold when the product is sold.

Product Costs Are Also Known As