The controller ▼ is is not correct in his justification with respect to classifying costs as product or period costs; this determination is made by ▼ Generally Accepted Accounting Principles (GAAP) plant controllers. Research and development, as well as all costs related to warehousing and distribution of goods, should be classified as ▼ period costs, product costs, and be ▼ expensed as incurred reflected as an asset in the balance sheet.
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