Which of the following contains period costs?
A) Work in Process
B) Finished Goods
C) Cost of Goods Sold
D) Selling and administrative expenses

Question

Quizplus · Accepted Answer

Selling and administrative expenses are period costs, as they are incurred outside of the production of goods and are necessary to run the overall business operation. The other answer choices refer to costs associated with the production or sale of goods, which would be classified as product costs.

Which of the Following Contains Period Costs