Inventoriable product costs for a manufactured product include:
A)marketing and research and development costs.
B)the costs of direct materials,direct labor and manufacturing overhead.
C)the costs of direct materials and direct labor only.
D)none of the above.

Question

Quizplus · Accepted Answer

Inventoriable product costs include the costs of direct materials, direct labor, and manufacturing overhead. Marketing and research and development costs are expensed as period costs and are not included in the cost of goods sold.

Inventoriable Product Costs for a Manufactured Product Include