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jessica mebane
on Oct 24, 2024

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Inventoriable costs include direct materials, direct labour, manufacturing overheads and period costs for that accounting period.

Inventoriable Costs

Expenses directly connected to the production of goods that are initially recorded as inventory and expensed as cost of goods sold when the goods are sold.

Manufacturing Overheads

All indirect costs associated with the production process, including utilities, maintenance, and factory management salaries.

Period Costs

Expenses that are not directly tied to production activities, often including selling, general, and administrative expenses.

  • Identify the differences between several manufacturing-related costs and the way they are recorded.
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Angela DemaisipOct 29, 2024
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