In full costing, which of the following will be included as part of inventory on a company's balance sheet?
A)Fixed production cost
B)Variable selling cost
C)Fixed selling costs
D)None of the answer choices will be in inventory in full costing.

Question

Quizplus · Accepted Answer

Fixed production costs are included in the cost of producing inventory and thus will be included as part of inventory on the company's balance sheet. Variable selling costs and fixed selling costs are not included as part of inventory in full costing.

In Full Costing, Which of the Following Will Be Included