Inventoriable costs:
A) include only the prime costs of manufacturing a product.
B) include only the conversion costs of providing a service.
C) exclude fixed manufacturing costs.
D) are regarded as assets until the units are sold.

Question

Quizplus · Accepted Answer

Inventoriable costs are considered assets on the balance sheet until the products are sold, at which point they become expenses (cost of goods sold) on the income statement.

Inventoriable Costs