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:
-Property rates on factory building
A) Inventoriable cost (I)
B) Period cost (P)

Question

Quizplus · Accepted Answer

Property rates on a factory building are considered inventoriable costs because they are directly associated with the manufacturing facility and hence are part of the costs of producing inventory.

For Each Item Listed Below, Choose Whether the Item Would