Chapter 2 - An Introduction to Cost Terms and Purposes - Assignment Material - Exercises - Page 59: 2-28(2)

Inventoriable costs are associated with the production or purchase of goods and are typically held in inventory until the goods are sold. Period costs are expenses that are incurred during a specific accounting period and are not tied to the production or purchase of goods.

Inventoriable costs are associated with the production or purchase of goods and are typically held in inventory until the goods are sold. Period costs are expenses that are incurred during a specific accounting period and are not tied to the production or purchase of goods.