For Product Costs Associated with a Particular Product to Be

Multiple Choice

For product costs associated with a particular product to be reported on the income statement:

A) The product must be transferred to Finished Goods Inventory.
B) The product must still be in Work in Process Inventory.
C) The product must be sold.
D) The product may be in any of the manufacturer's inventory accounts.
E) The company must expect to sell the product during the next twelve months.