Product costs are also called inventoriable costs.

Name: Product costs are also called inventoriable costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Product costs are the costs that are necessary to produce a finished product and are therefore considered an asset until the product is sold. These costs include direct materials, direct labor, and manufacturing overhead. As these costs are part of the inventory of a company, they are also called inventoriable costs.

Product Costs Are Also Called Inventoriable Costs