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  3. Study Set
    Fundamental Accounting Principles Study Set 6
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    Exam 18: Managerial Accounting Concepts and Principles
  5. Question
    Product Costs Are Capitalized as Inventory on the Balance Sheet
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Product Costs Are Capitalized as Inventory on the Balance Sheet

Question 20

Question 20

True/False

Product costs are capitalized as inventory on the balance sheet and period costs are expenses on the income statement.

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