Total period costs
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ABC co obtained the following from its absorption costing accounting records:
Operating income - $8,000
Total product costs incurred during the period - $12,000
Value of beginning WIP and FGI - $0
Value of ending WIP and FGI - $0
Sales - $25,000
Calculate total period costs incurred during this period.
My answer would be $0 period costs because all of these costs are related to the product...thoughts?
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The solution explains how to calculate the total period costs
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Operating income = Sales - COGS- SGA costs (these are period ...
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