We also classify costs as either
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Product costs: the costs of manufacturing our products; or
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Period costs: these are the costs other than product costs that are charged to, debited to, or written off to the income statement each period.
We also classify costs as either
Product costs: the costs of manufacturing our products; or
Period costs: these are the costs other than product costs that are charged to, debited to, or written off to the income statement each period.
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