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In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are?

LohaHridoy
  1. inventoriable costs
  2. finished costs
  3. factory overhead costs
  4. manufacturing overhead costs

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AhmedNazir

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Answer: Option 1

In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are inventoriable costs. Inventoriable costs are included in the cost of a product. For a manufacturer, these costs include direct materials, direct labor, freight in, and manufacturing overhead.

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