A product cost is
A: shown with current liabilities on the balance sheet
B: expensed in the period in which it is manufactured
C: expensed in the period the product is sold
D: shown with operating expenses on the income statement

Respuesta :

Zviko

Answer:

C: expensed in the period the product is sold

Explanation:

A product cost is the manufacturing costs that are accumulated on the product. Before the product is sold these product cost is shown in the current asset section on the balance sheet as inventory valuation.

In the period that the product is sold, the product cost are included in the cost of sales expenses to determine profit from sale.