costs that are capitalized as inventory during completion of products are called: multiple choice product costs. period costs. general costs. administrative costs. selling expenses.

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24-10-2022
Business

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costs that are capitalized as inventory during completion of products are called: multiple choice product costs. period costs. general costs. administrative costs. selling expenses.

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chilljain33 chilljain33 · Answer 1 · 2022-11-03T07:31:19-04:00

Out of the choices provided above, it can be concluded to state that the costs that are capitalized as inventory during completion of products are called product costs. Therefore, the option A holds true.

What is the significance of product costs?

The product costs can be referred to or considered as the costs that are in relation to the production of goods or services that are sold by an organization while being involved in the regular course of its core business activities.

The costs related to the products are derived only after they are capitalized as inventories of the firm when the production of goods is finished, and they are ready to be offered for sale.

Therefore, the option A holds true and states regarding the significance of product costs.

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