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:
-Direct materials used
A) Inventoriable cost (I)
B) Period cost (P)

Question

Quizplus · Accepted Answer

Direct materials used are considered inventoriable costs because they are directly associated with the production of goods and are allocated to the cost of inventory until the goods are sold.

For Each Item Listed Below, Choose Whether the Item Would