Research and development costs are classiﬁed as:
A)product costs.
B)period costs.
C)inventoriable costs.
D)cost of goods sold.
E)labor costs.

Question

Quizplus · Accepted Answer

Research and development costs are categorized as period costs because they are incurred in the current period and are expensed immediately rather than being added to the cost of goods sold or inventoried as an asset.

Research and Development Costs Are Classiﬁed As