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Inventoriable costs

A. Include only the prime costs of manufacturing a product.

B. Include only the conversion costs of manufacturing a product.

C. Are expensed when products become part of i f nished goods inventory.

D. Are regarded as assets before the products are sold.

Accounting Auditing Cost Accounting Financial Accounting Internal Audit
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Question added by Hany Sabry , Finance Manager , GMC for Engineering & Feeding Industries (S.A.E)
Date Posted: 2015/01/22
Upvote (0) Views (2) Followers (2) Answers (2) Report Question
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FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

 

D.>>>>>>>>> Are regarded as assets before the products are sold.

Inventoriable costs are the costs to purchase or manufacture products which will be resold, plus 

2) the costs to get those products in place and ready for sale. Inventoriable costs are also known as product costs

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Option (D) >>>>>>>>>>  Are regarded as assets before the products are sold.

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