Some period costs can be found in inventory accounts on the balance sheet.

Name: Some period costs can be found in inventory accounts on the balance sheet.
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Period costs are not included in inventory accounts because they are expensed immediately in the period they are incurred, rather than being part of the cost of producing inventory. Only direct materials, direct labor, and overhead costs are included in the inventory accounts on the balance sheet.

Some Period Costs Can Be Found in Inventory Accounts on the Balance