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Sometimes referred to as cost of inventory on hand, the inventoriable cost will include not only the cost of purchasing the items that are found in the inventory, but also all expenses that are related to using those items in the creation of products that are ultimately offered for sale.
Under absorption costing, fixed manufacturing costs ________. ________ is a method of inventory costing in which only variable manufacturing costs are included as inventoriable costs. Variable costing regards fixed manufacturing overhead as a(n) ________. The only difference between variable and absorption costing is the expensing of ________. Gloria's Decorating produces and sells a mantel clock for $100 per unit. In 2015, 42,125 clocks were produced and 37,958 were sold.