Need help with my Accounting question – I’m studying for my class.
Production costs are included in inventoriable costs. Other costs in the value chain are not included in inventory but, instead, are treated as period costs under Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Do you think production costs should be treated as period costs, or that other costs of the value chain should be included in inventoriable costs? If so, which ones? Why or why not?
1- APA Style
2- 4-6 paragraphs
3- 2-3 refrences and don’t forget to cite inside the text.