Inventory costs are assigned to the manufactured product
A)when the product is transferred to finished goods inventory
B)as it moves through the manufacturing process
C)when the product is moved to work in process
D)as soon as the product is removed from raw materials inventory

Question

Quizplus · Accepted Answer

Inventory costs are assigned to a product as it moves through the manufacturing process, reflecting the accumulation of direct materials, direct labor, and manufacturing overhead costs.

Inventory Costs Are Assigned to the Manufactured Product