ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
CONVERTIBLE NOTE Definition
CONVERTIBLE NOTE see CONVERTIBLE DEBT.
Learn new Accounting Terms
PAYMENT ON ACCOUNT see ON ACCOUNT.
PRODUCT COST is cost of inventory on hand, also called Inventoriable Cost. They are assets until the products are sold. Once they are sold, they become expense, i.e. Cost of Good Sold (COGS). All manufacturing costs are product costs, e.g., direct material, direct labor, and factory overhead.