Inventoriable costs are Group of answer choices only purchased goods for resale. a category of costs used only for manufacturing companies. recorded as expenses when incurred and later reclassified as assets. recorded as assets when incurred.

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VBTSPILOTS4681 VBTSPILOTS4681

07-04-2022
Business

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Inventoriable costs are Group of answer choices only purchased goods for resale. a category of costs used only for manufacturing companies. recorded as expenses when incurred and later reclassified as assets. recorded as assets when incurred.

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abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2022-04-20T10:14:36+02:00

Inventoriable costs are often recorded as assets immediately they are incurred.

What is Inventoriable costs?

Inventoriable costs can be defined as those cost that has to do with the production of goods.

Inventoriable costs is an asset on the balance sheet based on the fact that the goods or product are often set ready in order to be sold at a specific period of time .

Examples of Inventoriable costs are:

Direct labor
Direct materials

Inconclusion Inventoriable costs are often recorded as assets immediately they are incurred.

Learn more about Inventoriable costs here:https://brainly.com/question/24868116