Bookkeeping

Period Cost vs Product Cost Period Cost Examples & Formula Video & Lesson Transcript

Content Product vs. Period Costs Company Tools Work in Process When the raw materials are brought in they will sit on the balance sheet. When the product is manufactured and then sold a corresponding amount from the inventory account will be moved to the income statement. So if you sell a widget for $20 that […]

Period Cost vs Product Cost Period Cost Examples & Formula Video & Lesson Transcript Read More »