Inventoriable product costs for a manufactured product include
A)the costs of direct materials, direct labor and manufacturing overhead.
B)marketing and research and development costs.
C)the costs of direct materials and direct labor only.
D)none of the above.

Question

Quizplus · Accepted Answer

Inventoriable product costs for a manufactured product include the costs of direct materials, direct labor, and manufacturing overhead. These costs are assigned to the products and are included in inventory until the products are sold. Other costs such as marketing and research and development costs are not inventoriable product costs.

Inventoriable Product Costs for a Manufactured Product Include