A manufacturing company has identified several costs.Indicate whether each of the following costs is an Inventoriable cost(I)or a Period cost(P):
_____ 1.Rent Expense on factory equipment
_____ 2.Cost of subassemblies used in producing product
_____ 3.Wages of machine operators in factory
_____ 4.Rent Expense on computers at corporate office
_____ 5.Wage Expense for janitors in factory
_____ 6.Repairs Expense for factory equipment
_____ 7.Office Supplies Expense at corporate office
_____ 8.Wage Expense for janitors at corporate office
_____ 9.Wages of security guards at corporate office
_____ 10.Property taxes on factory building and land
_____ 11.Wages of security guards at factory
_____ 12.Wages of forklift driver in factory
_____ 13.Supplies Expense for factory
_____ 14.Wages of forklift operators in factory
_____ 15.Distribution Expenses

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The Answer of A manufacturing company has identified several costs.Indicate whether each of the following costs is an Inventoriable cost(I)or a Period cost(P):
_____ 1.Rent Expense on factory equipment
_____ 2.Cost of subassemblies used in producing product
_____ 3.Wages of machine operators in factory
_____ 4.Rent Expense on computers at corporate office
_____ 5.Wage Expense for janitors in factory
_____ 6.Repairs Expense for factory equipment
_____ 7.Office Supplies Expense at corporate office
_____ 8.Wage Expense for janitors at corporate office
_____ 9.Wages of security guards at corporate office
_____ 10.Property taxes on factory building and land
_____ 11.Wages of security guards at factory
_____ 12.Wages of forklift driver in factory
_____ 13.Supplies Expense for factory
_____ 14.Wages of forklift operators in factory
_____ 15.Distribution Expenses

A Manufacturing Company Has Identified Several Costs