Product costs: Product costs are the costs which are incurred in the production of the goods. These costs include the direct materials cost, direct labor cost, and factory overhead cost. Period costs: Period costs are the costs other than the product costs. These costs are not incurred in manufacturing the goods. These costs include the administrative expenses, and selling expenses. To classify: Each of the following costs as either a product cost or a period cost for apparel manufacturer Incorporation A&F.

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Chapter 1, Problem 4E

To determine

Product costs:

Product costs are the costs which are incurred in the production of the goods. These costs include the direct materials cost, direct labor cost, and factory overhead cost.

Period costs:

Period costs are the costs other than the product costs. These costs are not incurred in manufacturing the goods. These costs include the administrative expenses, and selling expenses.

To classify:Each of the following costs as either a product cost or a period cost for apparel manufacturer Incorporation A&F.

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