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

Name: Period costs are: A)always considered part of the inventory. B)always recorded as an expense. C)expensed only when the inventory is sold. D)none of the above.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Period costs are expenses that are not directly related to the production or purchase of goods, therefore they are expensed as incurred and not included in inventory cost.

Period Costs Are