Inventoriable costs for external reporting purposes are also called:
A)product costs.
B)variable costs.
C)period costs.
D)direct manufacturing costs.

Question

Quizplus · Accepted Answer

Inventoriable costs are costs that are directly related to the production of goods and are capitalized as inventory until the goods are sold. These costs are also known as product costs, as they are the costs of producing a product.

Inventoriable Costs for External Reporting Purposes Are Also Called