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What are inventoriable costs?

A. Include only the prime costs of manufacturing

a product.

B. Include only the conversion costs of

manufacturing a product.

C. Are expensed when products become part of

finished goods inventory.

D. Are regarded as assets before the products

are sold.

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Question added by Moataz Elsabawy , مدير مالى , مجموعه شركات الانصار
Date Posted: 2016/10/12
Ahmed mohsen
by Ahmed mohsen , Senior Accountant , Main Poly Clinic

(  C  )  is the correct answer.

the inventoriable cost is the cost from the supplier plus all costs necessary to get the item into inventory and ready for sale

Jacob Joseph
by Jacob Joseph , Chief Accountant , Abraj Construction

Are expensed when products become part of

finished goods inventory.

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