inventoriable costs

Costs that can be included in the valuation of stocks, work in progress, or inventories according to Statement of Standard Accounting Practice 9. Stocks should be valued at the lower of cost or net realizable value and the costs incurred up to the stage of production reached. This effectively means that inventoriable costs for finished goods and work in progress include both fixed and variable production costs but exclude the selling and distribution costs.

Accounting dictionary. 2014.

Look at other dictionaries:

  • inventoriable costs — Costs that can be included in the valuation of inventory (raw materials, work in progress, or finished goods). See inventory valuation …   Big dictionary of business and management

  • inventory — inventoriable, adj. inventorial, adj. inventorially, adv. /in veuhn tawr ee, tohr ee/, n., pl. inventories, v., inventoried, inventorying. n. 1. a complete listing of merchandise or stock on hand, work in progress, raw materials, finished goods… …   Universalium

  • ИЗДЕРЖКИ ПРОИЗВОДСТВА — (production co t ; inventoriable co t ) совокупные затраты живого и овеществленного труда на производство продукта. В условиях рыночной экономики И.п. рассматривают как затраты общественного труда и капитала, постоянного капитала (capital costs) …   Внешнеэкономический толковый словарь

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