Question

Product costs: Multiple Choice Are expenditures necessary and integral to finished products. Are expenditures identified more with a time period rather than with units of product. Include selling and administrative expenses. Are expensed on the income statement when incurred. Are moved to the income statement for any unsold inventory at the end of the year.

Answer 1

Answer:

Are expenditures necessary and integral to finished products.

Explanation:

The product cost is that cost i.e. incurred for making a product

It is a necessary expenditure and would consider an important part of finished product. All those cost i.e. spent to make a finished product is known as product cost

therefore, first option is correct