Under Australia accounting standards,which of the following are inventoriable product costs?
A)office salaries
B)manufacturing costs
C)depreciation of office equipment
D)all the options are inventoriable product costs

Question

Quizplus · Accepted Answer

Only manufacturing costs are inventoriable product costs since they are directly related to the production of a product. Office salaries and depreciation of office equipment are considered period costs and are expensed in the period they are incurred.

Under Australia Accounting Standards,which of the Following Are Inventoriable Product