For each item listed below, choose whether the item would be considered an inventoriable cost or a period cost for a manufacturing company. Use the following code:
-Indirect materials used
A) Inventoriable cost (I)
B) Period cost (P)

Question

Quizplus · Accepted Answer

Indirect materials used in the production process are considered inventoriable costs because they are initially recorded as inventory and then expensed as cost of goods sold when the product is sold.

For Each Item Listed Below, Choose Whether the Item Would