Inventoriable costs are costs of a product that are ________
A) costs of a product that are considered 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) considered liabilities in a company's balance sheet when the costs are incurred and that are expensed only when the product is sold
C) considered as 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) considered as liabilities in a company's income statement when the costs are capitalized and that are expensed only when the product is sold
Answer: A
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