In a merchandising company,________.
A) selling and administrative costs are period costs
B) insurance expense on the corporate building is a product cost
C) Work-In-Process Inventory may be present
D) Finished Goods Inventory may be present

Question

Quizplus · Accepted Answer

In a merchandising company, selling and administrative costs are considered period costs because they are not directly tied to the production of goods.

In a Merchandising Company,________