Inventoriable costs are expensed on the income statement:
A)when direct materials for the product are purchased
B)after the products are manufactured
C)when the products are sold
D)not at any particular time, it varies

Question

Quizplus · Accepted Answer

Inventoriable costs are capitalized as inventory on the balance sheet and expensed as cost of goods sold on the income statement when the products are sold.

Inventoriable Costs Are Expensed on the Income Statement