Product costs appear on the income statement in the form of

Name: Product costs appear on the income statement in the form of
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Product costs are the costs associated with producing or purchasing goods for resale. These costs are then included in the calculation of cost of goods sold, which appears on the income statement as an expense. Materials inventory and sales commissions are not directly related to the calculation of product costs.

Product Costs Appear on the Income Statement in the Form