Indirect materials costs like lubricants and cleaning fluids are inventoriable product costs.

Name: Indirect materials costs like lubricants and cleaning fluids are inventoriable product costs.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Indirect materials costs like lubricants and cleaning fluids are considered part of the manufacturing process and are necessary to produce the final product. As such, they are included in the cost of goods sold and are considered inventoriable product costs.

Indirect Materials Costs Like Lubricants and Cleaning Fluids Are Inventoriable