Product Cost Versus Period Cost: Learning Objectives of this article: Define and explain the terms “product cost” and “period cost”. Give examples of each. What is the difference between product cost and period cost. In addition to the distinction between manufacturing and non-manufacturing costs,
Inventoriable Costs are the costs to buy or produce products which will be sold again, the costs to obtain those products in position and prepared for sale. Inventoriable costs are also known as product costs.