Period costs are expensed as incurred,rather than going into the Work in Process account.

Name: Period costs are expensed as incurred,rather than going into the Work in Process account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Period costs are expensed in the period they are incurred, rather than being included in the cost of goods sold or the Work in Process account. Examples of period costs include rent, office supplies, and administrative salaries.

Period Costs Are Expensed as Incurred,rather Than Going into the Work