An EXCEPTION to the general rule that costs should be charged to expense in the period incurred is
A)factory overhead costs incurred on a product manufactured but not sold during the current
Accounting period.
B)interest costs for financing of inventories that are routinely manufactured in large
Quantities on a repetitive basis.
C)general and administrative fixed costs incurred in connection with the purchase of
D)sales commission and salary costs incurred in connection with the sale of inventory.

Question

Quizplus · Accepted Answer

Factory overhead costs are capitalized as part of the inventory cost until the product is sold, at which point they are expensed as cost of goods sold.

An EXCEPTION to the General Rule That Costs Should Be