Identify which of the following costs of a product manufacturer would be included in inventories:

• Salaries of assembly line workers

• Raw materials

• Salary of factory foreman

• Heating cost for the factory

• Miscellaneous supplies used in production process

• Salary of the CEO

• Costs to ship raw materials from the supplier to the factory

• Electricity cost for the factory

• Salaries of the sales team

• Depreciation of factory machines

• Property taxes on factory building

• Discounts for early payment of raw material purchases

• Salaries of the factory’s janitorial staff