Period costs can be found in the balance sheet.

Name: Period costs can be found in the balance sheet.
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Question

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Period costs are expenses that are not directly related to the production of goods or services, such as selling and administrative expenses. These costs are expensed in the period in which they are incurred and do not appear on the balance sheet. Only product costs, which are directly related to the production of goods or services, are included in inventory and appear on the balance sheet.

Period Costs Can Be Found in the Balance Sheet