Manufacturing costs are also considered:

Question

Quizplus · Accepted Answer

Manufacturing costs are generally classified as product costs, as they are incurred in the process of producing goods or services. These costs are used to determine the cost of goods sold and are included in inventory valuation until the goods are sold. Selling costs, on the other hand, are costs associated with promoting and selling products, while fixed costs are costs that do not vary based on the level of production or sales. Period costs are expenses that are not related to the production process, such as rent or administrative salaries.

Manufacturing Costs Are Also Considered