Classify each of Georgia-Pacific's costs as either inventoriable product costs or period costs

Classify each of Georgia-Pacific's costs as either inventoriable product costs or period costs


Asked by 1 year ago
365.9k points

Classify each of Georgia-Pacific's costs as either inventoriable product costs or period costs. Georgia-Pacific is a manufacturer of paper, lumber, and building material products.

Classify each
JasonJones

1 Answer

Answered by 1 year ago
365.9k points

Period cost Cost of TV ads promoting environmental awareness

Inventoriable product cost Purchase of lumber to be cut into boards

Period cost Salaries of scientists studying ways to speed forest growth

Inventoriable product cost Cost of a new software to track inventory during production

Period cost Salaries of Georgia-Pacific's top executives

Inventoriable product cost Cost of chemical applied to lumber to inhibit mold from developing

Period cost Life insurance for the CEO

Inventoriable product cost Cost of electricity at one of Georgia-Pacific's paper mills

Inventoriable product cost Depreciation on the gypsum board plant

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Asked: 1 year ago

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