Inventoriable Costs Are Costs of a Product That Are Considered

Multiple Choice

Inventoriable costs are costs of a product that are considered ________.

A) assets in a company's balance sheet when the costs are incurred and that are expensed as cost of goods sold only when the product is sold
B) liabilities in a company's balance sheet when the costs are incurred and that are expensed only when the product is sold
C) assets in a company's income statement when the costs are capitalized and that are expensed as cost of goods sold only when the product is sold
D) liabilities in a company's income statement when the costs are capitalized and that are expensed only when the product is sold