Period costs are
A)always recorded as an expense.
B)always considered part of the inventory.
C)expensed only when the inventory is sold.
D)none of the above.

Question

Quizplus · Accepted Answer

Period costs are expenses that are not directly tied to the production or purchase of goods, such as administrative and selling expenses. These costs are expensed in the period they are incurred, rather than being included in the cost of inventory.

Period Costs Are