Which of the following are expensed in the period in which they are incurred?
A)direct materials
B)product costs
C)noninventoriable costs
D)inventoriable costs

Question

Quizplus · Accepted Answer

Noninventoriable costs are expenses that are not associated with the production of goods or services and are instead expensed immediately in the period in which they are incurred. Direct materials and product costs are generally inventoriable costs that are capitalized and expensed when the goods are sold.

Which of the Following Are Expensed in the Period in Which