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Which of the following best describes a period cost? A. A cost that relates to a time period which is deducted as expenses for the period and is not included in the inventory valuation. B. A cost that can be easily allocated to a particular period, without the need for arbitrary apportionment between periods. C. A cost that is incurred regularly every period, eg every month or quarter D. A cost that is identified with a unit produced during the period, and is included in the value of inventory. The cost is treated as an expense for the period when the inventory is actually sold. |