Explain Cost Concepts Used in Manufacturing Accounting: Address the Basic Product Cost Components

One direct in-text quote from the following source will be included:
JD Edwards EnterpriseOne Applications Product Costing and Manufacturing Accounting Implementation
Guide. (n.d.). https://docs.oracle.com/cd/E16582_01/doc.91/e15130/und_pcma.htm#EOAPM00369
The second source will be used to support paraphrased text:
Roger H. Hermanson, Michael W. Maher, & James Don Edwards. (2011). Accounting Principles: A Business
Perspective, Financial Accounting (chapters 9-18). Textbook Equity. http://archive.org/details/ost-businesstbq_pa_accounting_chpt_9_18