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?

Direction:

• writing standards and APA style guidelines.
• Be sure to support your statements with logic and argument, citing all sources referenced
• Write 4 paragraph essays (Introduction, body and conclusion)

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