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For an apparel manufacturer, classify factory janitorial supplies as either a product cost or a...

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For an apparel manufacturer, classify factory janitorial supplies as either a product cost or a period cost.

Product Costs

Product costs differ from period costs in that they are inventoriable, and therefore they are not always expensed in the period that they are incurred, but rather they are added to the cost of inventory on hand.

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For an apparel manufacturer, factory janitorial supplies is a PRODUCT cost because it is added to the cost of the inventory manufactured and later...

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Product Costs in Accounting: Definition & Examples

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Chapter 2 / Lesson 13
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Production costs are the cumulative costs of manufacturing products, including labor, materials, and overhead. Explore the details of period costs and how product costs affect financial statements through examples.


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