Inventoriable costs ________.
A) include administrative and marketing costs
B) are expensed in the accounting period in which the products are sold
C) are expensed in the accounting period in which the products are manufactured
D) are also referred to as nonmanufacturing costs

Question

Quizplus · Accepted Answer

Inventoriable costs are costs associated with the production of goods and are expensed in the accounting period in which the products are sold, not when they are manufactured. This aligns with the matching principle in accounting, which states that expenses should be matched with the revenues they help to generate.

Inventoriable Costs ________