For retail sector companies,period costs in the income statement are all costs not related to the cost of goods purchased for resale.

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Period costs are defined as all costs that are not directly related to the cost of goods purchased for resale. These costs include selling, general and administrative expenses such as rent, utilities, salaries, and advertising expenses. Essentially, period costs are expenses incurred during an accounting period that are not directly related to the production or purchase of goods for resale.

For Retail Sector Companies,period Costs in the Income Statement Are