The cost of inventory reported on the balance sheet may include all of the following EXCEPT:
A)customer-service costs
B)wages of the plant supervisor
C)depreciation of the factory equipment
D)the cost of parts used in the manufacturing process

Question

Quizplus · Accepted Answer

Customer-service costs are not included in the cost of inventory as they are considered period costs, not product costs.

The Cost of Inventory Reported on the Balance Sheet May