Write a Brief Summary and Explain Why Managers Account for Inventoriable

question 128

Essay

Write a brief summary and explain why managers account for inventoriable and period costs.Explain the differences between inventoriable and period costs.

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, thereby having an interest in its performance and potential entitlement to dividends.

Employees

Individuals who are hired to perform specific duties in exchange for compensation under the direction and control of an employer.

Ethical

Pertaining to or dealing with morals, principles of morality, or the rules of conduct that govern the behavior of individuals and organizations.

Unethical

Actions or behaviors that do not meet the accepted standards of moral conduct.