The costs of marketing and delivering a product are not included in its inventory valuation.

Question

Quizplus · Accepted Answer

The costs of marketing and delivering a product are not considered part of inventory valuation. Only the direct production costs, such as raw materials and labor, are included in the inventory valuation. Marketing and delivery costs are considered as expenses and are accounted for separately in the income statement.

The Costs of Marketing and Delivering a Product Are Not